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Carolina, RI vs Hope Valley, RI

106
Carolina
Rhode Island
VS
-6.2%
113
Hope Valley
Rhode Island

Carolina is moderately more affordable than Hope Valley, with a 6.2% lower cost of living index. Carolina scores 106 compared to 113 for Hope Valley, where the US average is 100. This difference means residents of Hope Valley can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Carolina are $366,000 compared to $424,100 in Hope Valley, a 14% gap.

Median household income in Carolina is $123,063 compared to $98,481 in Hope Valley (+25%). Carolina offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, both cities share similar average temperatures (49.2°F vs 49.5°F). Carolina receives more rainfall at 51.6" per year compared to 51.3" in Hope Valley.

Income & Cost

Cost of Living Index
Carolina
106
6% cheaper
Hope Valley
113
Median Household Income
Carolina
$123,063
20% higher
Hope Valley
$98,481

Housing

Median Rent
Carolina
Hope Valley
$1,393
Median Home Value
Carolina
$366,000
14% cheaper
Hope Valley
$424,100
Population
Carolina
1,238
Hope Valley
2,147

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Carolina $3.02
Hope Valley $3.02
US $3.07
🥚
Eggs (grade A, large)
Carolina $2.46
Hope Valley $2.46
US $2.50
🥛
Milk (whole)
Carolina $3.96
Hope Valley $3.96
US $4.03
🍞
Bread (white)
Carolina $1.82
Hope Valley $1.82
US $1.85
🍗
Chicken breast
Carolina $4.08
Hope Valley $4.08
US $4.14
Electricity
Carolina $0.28
Hope Valley $0.28
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Carolina 49.2°F
Hope Valley 49.5°F
Summer High
Carolina 80°F
Hope Valley 80°F
Winter Low
Carolina 19°F
Hope Valley 20°F
Rainfall
Carolina 51.6"
Hope Valley 51.3"
Rainy Days
Carolina 134d
Hope Valley 136d