New Shoreham, RI
Maps & Population Facts
Population
830
Population Density
91
Labor Participaton
69.8%
Bachelor's or Higher
44.9%
Median Household Income
$76,174
Median Individual Income
$44,028
Median Individual Income(Full-time Workers Only)
$63,158
Housing Estimates
Median House Value
$1,104,200
Median Gross Rent
$841
Median Mortgage Payment
$2,637
Housing Units
1,858
People who reside in New Shoreham live in:
Detached - Single Family Homes
81%
Apt, Condo, Other
19%
Analysis
Income
Households in New Shoreham earn significantly more money than the national median income, averaging 26% higher per household.
Housing
New Shoreham has a median house price of $1,104,200, which makes New Shoreham exclusive even to more wealthy areas. New Shoreham is one of the 30 most expensive places to live in the United States. The cost of renting in New Shoreham is 17% less than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 39% |
| New Construction (Built after 2000) | 8% |
Demographics
The median age in New Shoreham is 55. New Shoreham has a population that is significantly older than in comparison to the US median age.
New Shoreham ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| New Shoreham | Rhode Island | USA | |
| Median Property Value | 1,104,200 | 257,800 | 217,600 |
| Median Mortgage Payment | 2,637 | 1,782 | 1,513 |
| Median Gross Rent | 841 | 941 | 1,012 |
| Property Vacancy | 76.1% | 12.7% | 12.6% |
| % Renters | 30% | 39% | 36% |
| Residents per Sq. Mi. | 91 | 1,023 | 93 |
Personal Comparison
| New Shoreham | Rhode Island | USA | |
| Median Household Income | 76,174 | 63,870 | 60,336 |
| Median Individual Income | 44,028 | 36,278 | 33,646 |
| Median Income (Full-Time) | 63,158 | 51,286 | 46,881 |
| Median Age | 55.3 | 39.5 | 38.1 |
| Labor Participation | 69.8% | 64.1% | 62.8% |
| Attained College Degree | 44.9% | 33.4% | 32.0% |
Population Density Analysis
New Shoreham, RI
91
Residents per Sq. Mile
The population density of New Shoreham is comparable to that of a Remote 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 +