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CITY

Wakefield-Peace Dale

Rhode Island · 9,302 residents · 4.93 sq mi
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The short version

Wakefield-Peace Dale is wealthier than most US places, with a median household income of $106,551. Population has declined 5% since 2023. 60% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $494,400. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.8
US median: 38.9
More educated
60% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
9,302
−5%since 2023
from 9,812 in 2023
2020 – 2024
Population density
1,887 / sq mi
−5%since 2023
from 1,990 / sq mi in 2023
US average: 281
Median age
42.8
+4%since 2023
from 41.0 in 2023
US average: 38.9
Population, 2020 – 2024
9K9K9K10K10K20202024Wakefield-Peace Dale
20249K
20202024
Section 02

Income & economy

Median household income
$106,551
−7%inflation adjusted, since 2023
from $111,200 in 2023
US average: $82,259
2020 – 2024
Per capita income
$56,249
+2%since 2023
from $55,368 in 2023
US average: $44,673
Households earning $100K+
60.4%
+0.6 ptssince 2023
from 59.9% in 2023
US average: 53.3%
Poverty rate
9.5%
+2.8 ptssince 2023
from 6.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.430
−2%since 2023
from 0.439 in 2023
US average: 0.476
Workforce by industry, 2024
Information10.7%
US avg: 10.8%
Retail trade8.6%
US avg: 9.9%
Other services4.7%
US avg: 6.7%
Wholesale trade3.7%
US avg: 6.9%
Public administration3%
US avg: 4.8%
Arts, entertainment, food1.9%
US avg: 1.9%
Finance & insurance1.7%
US avg: 5.9%
Professional, scientific, technical0.9%
US avg: 5.1%
Education & health services0.8%
US avg: 0.9%
Transportation & warehousing0.6%
US avg: 2.2%
Agriculture, forestry, fishing0.2%
US avg: 1.6%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$494,400
+3%inflation adjusted, since 2023
from $464,400 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$1,258
+2%inflation adjusted, since 2023
from $1,196 in 2023
US average: $1,442
Owner-occupied
66.3%
−1.8 ptssince 2023
from 68.1% in 2023
33.7% rent
Vacancy rate
7.4%
+1.8 ptssince 2023
from 5.6% in 2023
US average: 10.0%
Owner cost-burdened
19.9%
−0.4 ptssince 2023
from 20.4% in 2023
US average: 22.9%
Renter cost-burdened
39.2%
+4.9 ptssince 2023
from 34.2% in 2023
US average: 47.4%
Afford Score
4.6
+11%since 2023
from 4.2 in 2023
2020 – 2024
RELATED:See current rent listings in Wakefield-Peace Dale on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic85.6%(8,398)
Black4.5%(443)
Hispanic / Latino3.8%(373)
Asian2.4%(236)
Other3.7%(362)
Diversity Score32.8%(3,214)
2024
White, non-Hispanic86.1%(8,005)
Black4.5%(417)
Hispanic / Latino3.8%(355)
Asian2.2%(205)
Other3.4%(320)
Diversity Score31.8%(2,957)
Diversity Score
32
−3%since 2023
from 33 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
59.6%
−0.2 ptssince 2023
from 59.8% in 2023
US average: 35.6%
High school or higher
94.6%
+0.6 ptssince 2023
from 94.0% in 2023
US average: 89.6%
Graduate degree
26.9%
Unchangedsince 2023
from 26.9% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.0 min
+7%since 2023
from 22.4 min in 2023
US average: 26.5
Drive alone to work
76.8%
−1.0 ptssince 2023
from 77.8% in 2023
US average: 68.9%
Carpooled to work
6.6%
−1.1 ptssince 2023
from 7.6% in 2023
US average: 8.5%
Public transit
1.3%
+0.2 ptssince 2023
from 1.1% in 2023
US average: 3.2%
Worked from home
14.1%
+2.1 ptssince 2023
from 12.0% in 2023
US average: 15.0%
Walked to work
0.5%
−0.3 ptssince 2023
from 0.7% in 2023
US average: 2.4%
Biked to work
0.6%
Unchangedsince 2023
from 0.6% in 2023
US average: 0.4%
No vehicle available
5.4%
−0.6 ptssince 2023
from 6.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.3%
−1.4 ptssince 2023
from 6.6% in 2023
US average: 5.2%
Labor force participation
65.6%
−2.1 ptssince 2023
from 67.6% in 2023
US average: 63.5%
Self-employed
20.6%
−1.7 ptssince 2023
from 22.3% in 2023
US average: 13.1%
Management & professional
61.3%
−0.7 ptssince 2023
from 62.0% in 2023
US average: 42.5%
Section 08

People & community

Male
48.9%
+0.2 ptssince 2023
from 48.7% in 2023
Female
51.1%
−0.2 ptssince 2023
from 51.3% in 2023
Foreign born
4.5%
−0.6 ptssince 2023
from 5.1% in 2023
US average: 14.1%
Veterans
5.6%
−0.5 ptssince 2023
from 6.1% in 2023
US average: 6.2%
With a disability
10.7%
+0.9 ptssince 2023
from 9.8% in 2023
US average: 13.3%
Uninsured
1.0%
−0.8 ptssince 2023
from 1.8% in 2023
US average: 8.4%
Broadband at home
93.4%
Unchangedsince 2023
from 93.4% in 2023
US average: 91.0%
English only at home
95.7%
+0.3 ptssince 2023
from 95.4% in 2023
US average: 77.7%
Spanish at home
1.6%
Unchangedsince 2023
from 1.7% in 2023
US average: 13.6%
Drill deeper

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Compare Wakefield-Peace Dale to nearby cities

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Income$86,313−19%
Home value$746,900+51%
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WAKEFIELD-PEACE DALE VS
Newport East
Income$89,028−16%
Home value$485,400−2%
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WAKEFIELD-PEACE DALE VS
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Income$95,207−11%
Home value$448,800−9%
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WAKEFIELD-PEACE DALE VS
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Income$88,708−17%
Home value$354,600−28%
Population84,187+805%
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Frequently asked

How many people live in Wakefield-Peace Dale, Rhode Island?

Wakefield-Peace Dale, Rhode Island has about 9,302 residents according to the 2024 American Community Survey.

What is the median household income in Wakefield-Peace Dale, Rhode Island?

The typical household in Wakefield-Peace Dale, Rhode Island earns about $106,551 a year. Half of households make more than that, and half make less.

Is Wakefield-Peace Dale, Rhode Island expensive?

In Wakefield-Peace Dale, Rhode Island, the median home is worth about $494,400, and the typical rent is about $1,258 a month.

How educated are people in Wakefield-Peace Dale, Rhode Island?

About 59.6% of adults age 25 and over in Wakefield-Peace Dale, Rhode Island hold a bachelor's degree or higher.

What is the poverty rate in Wakefield-Peace Dale, Rhode Island?

About 9.5% of people in Wakefield-Peace Dale, Rhode Island live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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