Ashaway is located in southwest Rhode Island. Ashaway is part of Washington County. Ashaway has 2.38 square miles of land area and 0.04 square miles of water area. As of 2010-2014, the total Ashaway population is 1,307, which has shrunk 14.96% since 2000. The population growth rate is much lower than the state average rate of 0.47% and is much lower than the national average rate of 11.61%. Ashaway median household income is $85,147 in 2010-2014 and has grown by 80.13% since 2000. The income growth rate is much higher than the state average rate of 34.05% and is much higher than the national average rate of 27.36%. Ashaway median house value is $225,700 in 2010-2014 and has grown by 78.42% since 2000. The house value growth rate is about the same as the state average rate of 81.35% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Ashaway is much better than the state average in quality. The Ashaway area code is 401.