ZIP code 02842: income, home prices and cost of living

The median household income in ZIP 02842 is $97,555, which is 4% above the Rhode Island median of $94,026 and 42% above the national figure. The typical home is valued at $480,100, and the median rent is $1,652/month. 59.3% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$97,555

Rhode Island average
$94,0264%
National
$68,75042%

Median home value

$480,100

Rhode Island average
$364,00032%
National
$209,600129%

Median gross rent

$1,652

Rhode Island average
$1,23534%
National
$98468%

Median age

44.3 yrs

Rhode Island average
42.2 yrs5%
National
41.0 yrs8%

Homeownership rate

59.3%

Rhode Island average
74.4%20%
National
75.8%22%

Bachelor's degree or higher

26.2%

Rhode Island average
22.4%17%
National
15.9%65%

How ZIP 02842 compares with Rhode Island and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

See today's rates for homes in your area

Homes in 02842 typically sell around $480,100. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Rhode Island

02840028350285202830028280285702825028590286002861

Or compare 02842 with 02840.

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See every local figure on the Rhode Island money guide.

What people search about ZIP 02842

Searches for the cost of living in 02842, the median household income in 02842, average rent in 02842 and home values in this part of Rhode Island all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 02842, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.