Newport, RI — Demographics & Statistics
ZIP code 02840 serves a portion of Newport, Rhode Island, within Newport County. This community is home to approximately 47,622 residents, with a median age of 33.9 years. The median household income of $80,860 sits above the national median of $67,521, while median home values of $436,644 are above the national average of $301,500. The area has a renter-majority housing profile, with 44% owner-occupied and 56% renter-occupied units. Cost of living in this part of Newport is lower than the national baseline, with an index of 98 (100 = national average). With a college-education rate of 15% and an unemployment rate of 5.3%, 02840 reflects the economic character of Newport County in Rhode Island.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 47,622 | — |
| Population | Density (per sq mi) | 11,430 | — |
| Economics | Median Household Income | $80,860 | ↑ 20% vs nat'l avg |
| Economics | Median Home Value | $436,644 | ↑ 45% vs nat'l avg |
| Economics | Cost of Living Index | 98 | ↓ Lower than avg |
| Economics | Unemployment Rate | 5.3% | ↑ 36% vs nat'l avg |
| Economics | Below Poverty Line | 17.4% | ↑ 53% vs nat'l avg |
| Education | College Educated (25+) | 15% | ↓ 57% vs nat'l avg |
| Demographics | Median Age | 33.9 yrs | ↓ 12% vs nat'l avg |
| Housing | Owner-Occupied | 44% | — |
| Housing | Renter-Occupied | 56% | — |
| Housing | Total Housing Units | 25,239 | — |