ZIP Code 02864: Population, Income, Housing

State: RI
Total population: 36,820 Household income: $117,522 Rent: $1,379

Overview

Total population
36,820
Rent
$1,379
Year built
1972
Household income
$117,522
Per capita income
$52,577
Poverty rate
3.9%
Unemployment rate
N/A
Household size
2.6 persons
Rent over 30% of income
46.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Rhode Island
County
Providence County
City
Cumberland
Total population
36,820
Adults over 25
26,540
Total households
14,297
Household size
2.6 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$117,522
Per capita income
$52,577
Poverty rate
3.9%
Unemployment rate
N/A
Rent over 30% of income
46.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$1,379
Year built
1972
Households that rent
23.7%
Households that own
76.3%
Rooms per home (all homes)
6.0

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
84.5%
Black
3.6%
Asian
3.9%
Two or more races
5.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
5.4%
Not Hispanic or Latino
94.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
16,385 (85.2%)
Commute time to work
26 mins
Work from home
2,849 (14.8%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
24.5%
High school graduate or GED
21.3%
Some college or associate degree
9.4%
Bachelor’s degree or higher
44.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 02864 with: Providence County, RI Providence metro area, RI-MA Rhode Island United States

ZIP 02864

Total population36,820
Rent$1,379
Year built1972
Household income$117,522
Per capita income$52,577
Poverty rate3.9%
Unemployment rateN/A

Providence County, RI

Total population664,854
Rent$1,312
Year built1956
Household income$78,787
Per capita income$41,523
Poverty rate13.4%
Unemployment rate4.6%

Providence Metro Area, RI-MA

Total population1,684,071
Rent$1,307
Year built1962
Household income$87,040
Per capita income$46,322
Poverty rate11.2%
Unemployment rate4.5%

Rhode Island State

Total population1,101,801
Rent$1,342
Year built1962
Household income$87,796
Per capita income$47,150
Poverty rate11.2%
Unemployment rate4.3%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP02864 CountyProvidence, RIMetro AreaProvidence metro area, RI-MAStateRhode IslandCountryUnited States
Total population36,820664,8541,684,0711,101,801334,922,499
Rent$1,379$1,312$1,307$1,342$1,413
Year built19721956196219621980
Household income$117,522$78,787$87,040$87,796$80,734
Per capita income$52,577$41,523$46,322$47,150$44,673
Poverty rate3.9%13.4%11.2%11.2%12.5%
Unemployment rateN/A4.6%4.5%4.3%4%

View the full multi-level comparison →

 

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Summary for 02864

Rent & Income

In 02864, the typical monthly rent is $1,379 and the typical household income is $117,522. Rent here is similar to Rhode Island, and household income is higher than Rhode Island. The estimated poverty rate is 3.9%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 23.7% of households. About 46.1% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 44.8% of adults holding a bachelor’s degree or higher.

 

ZIP 02864 — Rent vs Household Income

 

 

ZIP 02864 — Poverty

 

 

How ZIP 02864 compares in Rhode Island (11 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,379 9 / 11 from lower rent $1,161 – $1,409
Household income $117,522 1 / 11 from higher income $52,485 – $117,522
Poverty rate 3.9% 1 / 11 from lower poverty 3.9% – 24.4%

Rankings are calculated among ZIP Codes in Rhode Island with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 02864

Rent

For rent, this ZIP is positioned 9th out of 11 ZIP Codes in Rhode Island. In Rhode Island as a whole, the range goes from $1,161 in ZIP 02895 up to $1,409 in ZIP 02908.

Household income

For household income, ZIP Code 02864 ranks 1st out of 11 ZIP Codes. Statewide, values range from $52,485 in ZIP 02907 up to $117,522 in ZIP 02864.

Poverty rate

For poverty levels, this ZIP is positioned 1st out of 11 ZIP Codes. Across Rhode Island, figures vary from 3.9% in ZIP 02864 up to 24.4% in ZIP 02909.

 

💰 Rent in ZIP Code 02864 (with Utilities)

Estimated Monthly Rent: $1,379 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 02864

Annual Household Income: $117,522

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 02864

Estimated Rate: 3.9%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 02864

In ZIP Code 02864, households that rent: 3,390 (23.7%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 3,390 23.7%
Owner-Occupied 10,907 76.3%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 02864

In ZIP Code 02864, cost-burdened renters (households spending over 30% of income on housing): 1,564 (46.1%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 1,564 46.1%
Other renter households 1,826 53.9%
Total renter households 3,390 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 02864

Less than High School: 6,508 people (24.5%)

Includes adults who did not complete high school.

High School Graduate or GED: 5,651 people (21.3%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,491 people (9.4%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 11,890 people (44.8%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 26,540

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.