Hopkinton, RI
Maps & Population Facts
Population
8,112
Population Density
189
Labor Participaton
74.9%
Bachelor's or Higher
31.1%
Median Household Income
$85,863
Median Individual Income
$39,260
Median Individual Income(Full-time Workers Only)
$52,903
Housing Estimates
Median House Value
$255,900
Median Gross Rent
$868
Median Mortgage Payment
$1,768
Housing Units
3,616
People who reside in Hopkinton live in:
Detached - Single Family Homes
86%
Apt, Condo, Other
14%
Analysis
Income
Households in Hopkinton earn significantly more money than the national median income, averaging 42% higher per household.
Housing
Hopkinton has a median house price of $255,900. The cost of homeownership is slightly higher than most areas. The cost of renting in Hopkinton is 14% less than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 39% |
| New Construction (Built after 2000) | 10% |
Demographics
The median age in Hopkinton is 47. Hopkinton has a population that is significantly older than in comparison to the US median age.
Hopkinton ranks average for having an educated population. The percent of residents who have a college degree is comparable with other areas.
Housing Data
Housing Comparison
| Hopkinton | Rhode Island | USA | |
| Median Property Value | 255,900 | 257,800 | 217,600 |
| Median Mortgage Payment | 1,768 | 1,782 | 1,513 |
| Median Gross Rent | 868 | 941 | 1,012 |
| Property Vacancy | 7.4% | 12.7% | 12.6% |
| % Renters | 16% | 39% | 36% |
| Residents per Sq. Mi. | 189 | 1,023 | 93 |
Personal Comparison
| Hopkinton | Rhode Island | USA | |
| Median Household Income | 85,863 | 63,870 | 60,336 |
| Median Individual Income | 39,260 | 36,278 | 33,646 |
| Median Income (Full-Time) | 52,903 | 51,286 | 46,881 |
| Median Age | 47.2 | 39.5 | 38.1 |
| Labor Participation | 74.9% | 64.1% | 62.8% |
| Attained College Degree | 31.1% | 33.4% | 32.0% |
Population Density Analysis
Hopkinton, RI
189
Residents per Sq. Mile
The population density of Hopkinton is comparable to that of a Rural Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +