Cost of Living in Hope Valley, RI

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C-
18%
Overall NAT. AVG.
7%
Groceries NAT. AVG.
41%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Hope Valley Rhode Island National
Cost of living118110100
Groceries107103100
Health care109103100
Housing141124100
Transportation105104100
Utilities107106100
Lifestyle & Entertainment110107100
Household Items103105100
Education & Childcare113106100
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Homes For Sale In Hope Valley, RI

property for sale

14 Elaine Dr

Hopkinton, RI
property for sale

165 Spring St

Hope Valley, RI
property for sale

9 Wheeler Ln Unit B

Hope Valley, RI
property for sale

1 Side Hill St

Hope Valley, RI

Cost Of Living Quick Facts

  • The cost of living in Hope Valley is 6% higher than the Rhode Island average
  • The cost of living in Hope Valley is 18% higher than the national average
  • Hope Valley housing is 41% higher than the national average
  • Rhode Island general sales tax is 37% higher than the national average
  • Rhode Island state income tax is 44% higher than the national average

Most Affordable Places to Live in and Around Hope Valley

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$135,286$11,274$3,156$4,059
      Renters$48,447$4,037$1,130$1,454

      Rhode Island Sales Tax

      State General Sales Tax With Max Surtax
      Rhode Island 7% 7%

      Rhode Island Income Tax

      State Income Tax (Low) Income Tax (High)
      Rhode Island 3.75% 5.99%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hopkinton, RI6281022.1%
      Jewett City, CT3,4871033.4%
      Plainfield Village, CT2,2141043.5%
      Moosup, CT4,0111043.7%
      Bradford, RI1,31311110.7%
      Hope Valley, RI1,95711817.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Willow Springs, MO1,9578119.3%
      Splendora, TX1,957955.5%
      Summitview, WA1,95712928.5%
      Princeville, HI1,95819696.1%
      Wellston, MO1,9588118.8%
      Hope Valley, RI1,95711817.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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