Wakefield-Peace Dale, RI
Population 9,812 · Rhode Island
About Wakefield-Peace Dale, RI
Wakefield-Peace Dale is a small town located in Rhode Island with a population of 9,812 residents according to the latest US Census Bureau American Community Survey data. The median household income is $111,200 per year, which is 48% above the national median of $75,149. The median age of 41 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wakefield-Peace Dale features a median home value of $464,400, which is 90% above the national median of $244,900. This places Wakefield-Peace Dale in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,196, 3% above the national average of $1,163/month. Of the 4,480 total housing units, 68% are owner-occupied (2,880 units) and 32% are renter-occupied (1,350 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wakefield-Peace Dale shows an unemployment rate of 6.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wakefield-Peace Dale have an average one-way commute time of 22.4 minutes.
Education & Demographics
59.8% of Wakefield-Peace Dale residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.0% White, 3.4% Hispanic or Latino, 0.9% Black or African American, and 1.3% Asian residents, with 5.1% of the population being foreign-born.
How Wakefield-Peace Dale Ranks in Rhode Island
Cost of Living in Wakefield-Peace Dale, RI
Compared to national averages, Wakefield-Peace Dale has a median household income of $111,200 (48% above the national median of $75,149). Home values average $464,400, which is 90% above the national median. Monthly rent at $1,196 is 3% above the US average of $1,163. Within Rhode Island, Wakefield-Peace Dale's income is 20% above the state average of $92,962, and home values are 1% below the state median of $469,914.
Why Live in Wakefield-Peace Dale, RI?
Wakefield-Peace Dale offers a strong local economy with a median household income of $111,200, well above the national average, and a well-educated community where 59.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.7%, better than the national average. Additionally, the city features short commute times averaging just 22.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $464,400. However, Wakefield-Peace Dale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wakefield-Peace Dale has a population of 9,812 with a median age of 41 years. Compare Wakefield-Peace Dale with other cities to see how it stacks up, or explore all cities in Rhode Island.
Similar Cities Near Wakefield-Peace Dale
Cities in Rhode Island with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cumberland Hill | 8,638 | $131,006 | $362,700 | Compare |
| Greenville | 8,586 | $94,567 | $390,900 | Compare |
| Newport East | 11,262 | $86,310 | $479,200 | Compare |
| Tiverton | 8,151 | $91,493 | $357,700 | Compare |
| Valley Falls | 12,370 | $93,653 | $347,900 | Compare |
| Kingston | 6,953 | $82,143 | $493,500 | Compare |
| Pascoag | 4,081 | $101,359 | $335,400 | Compare |
| Narragansett Pier | 3,080 | $79,683 | $771,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Rhode Island
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Wakefield-Peace Dale With Other Cities
Frequently Asked Questions about Wakefield-Peace Dale
What is the population of Wakefield-Peace Dale, RI?
The population of Wakefield-Peace Dale, RI is 9,812 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Rhode Island.
What is the median household income in Wakefield-Peace Dale?
The median household income in Wakefield-Peace Dale, RI is $111,200 per year, which is 48% above the national median of $75,149.
What is the median home value in Wakefield-Peace Dale?
The median home value in Wakefield-Peace Dale, RI is $464,400, which is 90% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wakefield-Peace Dale?
The median monthly rent in Wakefield-Peace Dale, RI is $1,196, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Wakefield-Peace Dale?
The unemployment rate in Wakefield-Peace Dale, RI is 6.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wakefield-Peace Dale, RI a good place to live?
Wakefield-Peace Dale offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 9,812 and a median age of 41, the city appeals to a broad range of residents.
How educated is Wakefield-Peace Dale, RI?
59.8% of residents in Wakefield-Peace Dale aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Wakefield-Peace Dale?
Key cost-of-living indicators for Wakefield-Peace Dale, RI: median home value is $464,400 (90% above national), median rent is $1,196/month, and median household income is $111,200. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Wakefield-Peace Dale?
The poverty rate in Wakefield-Peace Dale, RI is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wakefield-Peace Dale, RI?
Wakefield-Peace Dale's population is 1.0% White, 3.4% Hispanic or Latino, 0.9% Black or African American, 1.3% Asian, and 4.5% two or more races. 5.1% of residents are foreign-born.