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 118, with 100 being the average.
The cost of living index in Warwick is 1.2x higher than the national average.
Warwick ranks as the #118 cheapest in New York out of 340.
Warwick ranks as the #4,687 cheapest out of 6,412 in the US.
The median home value in Warwick is $349,900.
The median income in Warwick is $79,147.
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 118, which is 1.2x higher than the national index of 100.
Compared to New York, Warwick has a cost of living index that's 0.9x lower than New York's index of 126.
The standard of living in Warwick ranks as #118 most affordable out of the 340 places we measured in New York. By definition, that implies Warwick ranks as the #222 most expensive place in the Empire State.
For more reading on life in Warwick, check out:
- Living In Warwick
- Warwick Crime Report
- Search Homes For Sale In Warwick, NY
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 104.
The Groceries index in Warwick is 116.
The Health index in Warwick is 99.
The Housing index in Warwick is 143.
The Transportation index in Warwick is 112.
The Utilities index in Warwick is 92.
| Living Expense | Warwick | New York | National Average | |
|---|---|---|---|---|
| Overall | 118 | 126 | 100 | |
| Services | 104 | 110 | 100 | |
| Groceries | 116 | 104 | 100 | |
| Health | 99 | 105 | 100 | |
| Housing | 143 | 175 | 100 | |
| Transportation | 112 | 107 | 100 | |
| Utilities | 92 | 102 | 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 2017-2021. The key points are:
The Median Home Value in Warwick is $349,900.
The Median Rent in Warwick is $1,134.
The Median Income in Warwick is $79,147.
The Home Value To Income in Warwick is 4.4x.
The Rent To Monthly Income in Warwick is 0.17x.
| Statistic | Warwick | New York | United States |
|---|---|---|---|
| Median Home Value | $349,900 | $340,600 | $244,900 |
| Median Rent | $1,134 | $1,390 | $1,163 |
| Median Income | $79,147 | $75,157 | $69,021 |
| Home Value To Income | 4.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.2x |
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 138, 1.2x Warwick.
Stony Point, NY has a cost of living index of 137, 1.2x Warwick.
Suffern, NY has a cost of living index of 127, 1.1x Warwick.
| City | Population | Cost Of Living | Vs. Warwick |
|---|---|---|---|
| Oakland, NJ | 12,773 | 138 | 1.2x |
| Stony Point, NY | 12,389 | 137 | 1.2x |
| Suffern, NY | 11,376 | 127 | 1.1x |
| Franklin Lakes, NJ | 11,034 | 207 | 1.8x |
| Chestnut Ridge, NY | 10,211 | 140 | 1.2x |
| Airmont, NY | 9,964 | 141 | 1.2x |
| Monroe, NY | 9,392 | 133 | 1.1x |
| Hillcrest, NY | 8,667 | 143 | 1.2x |
| Wesley Hills, NY | 6,105 | 166 | 1.4x |
| Goshen, NY | 5,705 | 120 | 1.0x |
