Warwick, NY Cost Of Living
Cost Of Living In Warwick, NY Summary
Cost of living in Warwick research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Warwick is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Warwick is 123, with 100 being the average.
The cost of living index in Warwick is 1.2x higher than the national average.
Warwick ranks as the #128 cheapest in New York out of 341.
Warwick ranks as the #4,598 cheapest out of 6,489 in the US.
The median home value in Warwick is $556,209.
The median income in Warwick is $81,250.
Table Of Contents
Warwick's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Warwick, NY?
According to the most recent data on the cost of living, Warwick has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to New York, Warwick has a cost of living index that's 1.0x higher than New York's index of 119.
The standard of living in Warwick ranks as #128 most affordable out of the 341 places we measured in New York. By definition, that implies Warwick ranks as the #213 most expensive place in the Empire State.
For more reading on life in Warwick, check out:
In New York
In America
Warwick Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Warwick. Here is how it fairs on each of the criteria:
The Services index in Warwick is 102.
The Groceries index in Warwick is 100.
The Health index in Warwick is 100.
The Housing index in Warwick is 169.
The Transportation index in Warwick is 96.
The Utilities index in Warwick is 103.
| Living Expense | Warwick | New York | National Average | |
|---|---|---|---|---|
| Overall | 123 | 119 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 100 | 103 | 100 | |
| Health | 100 | 101 | 100 | |
| Housing | 169 | 145 | 100 | |
| Transportation | 96 | 105 | 100 | |
| Utilities | 103 | 99 | 100 | |
Warwick, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Warwick is $556,209.
The Median Rent in Warwick is $1,242.
The Median Income in Warwick is $81,250.
The Home Value To Income in Warwick is 6.8x.
The Rent To Monthly Income in Warwick is 0.18x.
Median Home Value
Median Rent
Median Income
Warwick, NY Costs By Category
Detailed Warwick Services Costs Vs. New York
Detailed Warwick Groceries Costs Vs. New York
Detailed Warwick Health Costs Vs. New York
Detailed Warwick Transportation Costs Vs. New York
Detailed Warwick Utilities Costs Vs. New York
Warwick SnackAbility
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Cost Of Living In Cities Around Warwick
The cost of living varies in the cities and towns around Warwick. Here's a quick look at the cost of living in the most populous nearby places:
Oakland, NJ has a cost of living index of 139, 1.1x Warwick.
Stony Point, NY has a cost of living index of 135, 1.1x Warwick.
Suffern, NY has a cost of living index of 125, 1.0x Warwick.
| City | Population | Cost Of Living | Vs. Warwick |
|---|---|---|---|
| Oakland, NJ | 12,700 | 139 | 1.1x |
| Stony Point, NY | 12,694 | 135 | 1.1x |
| Suffern, NY | 11,395 | 125 | 1.0x |
| Franklin Lakes, NJ | 11,011 | 216 | 1.8x |
| Chestnut Ridge, NY | 10,464 | 149 | 1.2x |
| Airmont, NY | 10,082 | 150 | 1.2x |
| Monroe, NY | 9,466 | 130 | 1.1x |
| Hillcrest, NY | 8,989 | 140 | 1.1x |
| Wesley Hills, NY | 6,150 | 181 | 1.5x |
| Goshen, NY | 5,751 | 114 | 0.9x |
