Hopkinton Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Hopkinton, Rhode Island? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Hopkinton, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Hopkinton is $93,370.00.

The chart below shows the average household income by age in Hopkinton.

  • Under 25
    $0.00
  • 25 to 44
    $86,765.00
  • 45 to 64
    $132,553.00
  • 65 and over
    $49,006.00

Average Household Income

A very commonly asked question is "what is the average household income in Hopkinton, Rhode Island?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Hopkinton is $115,372.00.

12.92% of households in Hopkinton, Rhode Island are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Hopkinton but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Hopkinton

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Hopkinton, Rhode Island easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    9.97%
  • $25,000 to $49,999
    16.75%
  • $50,000 to $74,999
    13.96%
  • $75,000 to $99,999
    15.83%
  • $100,000 to $149,999
    17.32%
  • $150,000 to $199,999
    13.26%
  • $200,000 or more
    12.92%

Per Capita Income

The per capita income is the average income of all people in Hopkinton, Rhode Island. This is calculated by dividing the total income of all people in Hopkinton by the total number of people in Hopkinton.

It differs from the average or mean household income because it includes all people in Hopkinton and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Hopkinton, Rhode Island is $43,603.00.

Population in Hopkinton by Race and Ethnicity

The total population in Hopkinton is currently 8,402 people.

The race and ethnicity of the population in Hopkinton can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Hopkinton, Rhode Island.

  • 1.50% White
    126
  • 97.50% Black/African American
    8,195
  • 93.30% Native
    7,835
  • 2.70% Hispanic
    224
  • 0.00% Asian
    0
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 1.10% Other
    94

Population of Hopkinton by Age and Gender

Another very important demographics statistic for Hopkinton, Rhode Island is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 311 530
10 to 19 Years 526 408
20 to 29 Years 468 643
30 to 39 Years 420 378
40 to 49 Years 599 441
50 to 59 Years 643 569
60 to 69 Years 704 809
70 Years and over 413 540

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Hopkinton, Rhode Island.

  • Master's degree or higher
    8.74%
  • Bachelor's degree
    33.02%
  • Some college or associate's degree
    16.38%
  • High school diploma or equivalent
    39.96%
  • Less than high school diploma
    1.90%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Hopkinton because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Hopkinton look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Hopkinton, Rhode Island that are over the age of 16.

The current population in Hopkinton that are over the age of 16 is 6,915 people.

The unemployment rate in Hopkinton is 5.90%, which means 293 people are unemployed.

Median Age in Hopkinton

The median age is an interesting metric because it gives us an idea of the age distribution of people in Hopkinton, Rhode Island. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Hopkinton is 45 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Hopkinton

45

Total

43.8

Male

45.8

Female

Households and Families

There are a total of 3,159 households in Hopkinton, and the average household size is 2.66 people.

For families, the total number is 2,415, and the average family size is 2.95 people.

6.40% of those families in Hopkinton, Rhode Island are living below the poverty line.

The table below shows the poverty thresholds for Hopkinton in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Hopkinton, Rhode Island for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 1,922 122 371 744
Average Household Size 3.04 2.76 3.3 1.34
Total Families 1,922 122 371 0
Average Household Size 3.04 2.44 2.67 0

Housing Data in Hopkinton

There are total of 3,687 housing units in Hopkinton, Rhode Island. Of those units, 3,159 (85.68%) are occupied, and 528 (14.32%) are vacant.

Rental Rates

Of the 3,687 housing units in Hopkinton, 719 (19.50%) are occupied by renters. The median rent paid by renters is $1,159.00.

Owner occupied housing units make up the remaining 66.18% of housing units, with 2,440 housing units in total.

The table below breaks down how much rent is paid by renters in Hopkinton, Rhode Island.

  • No rent paid
    0
  • Less than $500
    119
  • $500 to $999
    145
  • $1,000 to $1,499
    353
  • $1,500 to $1,999
    52
  • $2,000 to $2,499
    50
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in Hopkinton is $353,700.00.

The table below breaks down the range of valuations for all properties in Hopkinton.

  • Less than $50,000
    12
  • $50,000 to $99,999
    0
  • $100,000 to $149,999
    36
  • $150,000 to $199,999
    121
  • $200,000 to $299,999
    663
  • $300,000 to $499,999
    1,320
  • $500,000 to $999,999
    267
  • $1,000,000 or more
    21

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Hopkinton, Rhode Island.

  • 1939 or earlier
    845
  • 1940 to 1949
    355
  • 1950 to 1959
    311
  • 1960 to 1969
    196
  • 1970 to 1979
    505
  • 1980 to 1989
    485
  • 1990 to 1999
    379
  • 2000 to 2009
    314
  • 2010 to 2013
    297
  • 2014 or later
    0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Hopkinton has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    61
  • 1 vehicle available
    846
  • 2 vehicles available
    1,231
  • 3 or more vehicles available
    1,021

Commuting to Work in Hopkinton

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Hopkinton, Rhode Island, how they commute, and how that correlates to other data points.

The average travel time is 28.3 minutes, and the chart below covers the range of travel times across the population of Hopkinton.

  • Less than 5 minutes
    0
  • 5 to 9 minutes
    371
  • 10 to 14 minutes
    512
  • 15 to 19 minutes
    259
  • 20 to 24 minutes
    691
  • 25 to 29 minutes
    197
  • 30 to 34 minutes
    860
  • 35 to 39 minutes
    294
  • 40 to 44 minutes
    280
  • 45 to 59 minutes
    444
  • 60 to 89 minutes
    176
  • 90 or more minutes
    53

We can also look at the means of transport in Hopkinton to see which modes of transport people are using to commute to work.

  • Drove alone
    3,907
  • Carpooled
    158
  • Public transportation
    15
  • Walked
    43
  • Other means
    14
  • Worked from home
    374

Conclusion

Hopefully this article has given you the demographics data you were looking for in Hopkinton, Rhode Island.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Hopkinton.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Hopkinton Average Income, Population and Demographics". NameCensus.com. Accessed on June 21, 2024. https://namecensus.com/demographics/new-hampshire/merrimack-county/hopkinton/.

  • "Hopkinton Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/new-hampshire/merrimack-county/hopkinton/. Accessed 21 June, 2024

  • Hopkinton Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/new-hampshire/merrimack-county/hopkinton/.