Warwick, RI Cost Of Living
Cost Of Living In Warwick, RI 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 Rhode Island, 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 114, with 100 being the average.
The cost of living index in Warwick is 1.1x higher than the national average.
Warwick ranks as the #6 cheapest in Rhode Island out of 15.
Warwick ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Warwick is $406,281.
The median income in Warwick is $87,536.
Table Of Contents
Warwick's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Warwick, RI?
According to the most recent data on the cost of living, Warwick has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Rhode Island, Warwick has a cost of living index that's 1.0x higher than Rhode Island's index of 111.
The standard of living in Warwick ranks as #6 most affordable out of the 15 places we measured in Rhode Island. By definition, that implies Warwick ranks as the #9 most expensive place in the Ocean State.
For more reading on life in Warwick, check out:
In Rhode Island
In America
Warwick Cost Of Living Vs. Rhode Island
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 113.
The Groceries index in Warwick is 103.
The Health index in Warwick is 110.
The Housing index in Warwick is 129.
The Transportation index in Warwick is 94.
The Utilities index in Warwick is 113.
| Living Expense | Warwick | Rhode Island | National Average | |
|---|---|---|---|---|
| Overall | 114 | 111 | 100 | |
| Services | 113 | 113 | 100 | |
| Groceries | 103 | 100 | 100 | |
| Health | 110 | 110 | 100 | |
| Housing | 129 | 121 | 100 | |
| Transportation | 94 | 91 | 100 | |
| Utilities | 113 | 114 | 100 | |
Warwick, RI Housing Cost Breakdown
Housing swings affordability the most between places in Rhode Island, 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 $406,281.
The Median Rent in Warwick is $1,299.
The Median Income in Warwick is $87,536.
The Home Value To Income in Warwick is 4.6x.
The Rent To Monthly Income in Warwick is 0.18x.
| Statistic | Warwick | Rhode Island | United States |
|---|---|---|---|
| Median Home Value | $406,281 | $490,356 | $303,400 |
| Median Rent | $1,299 | $1,273 | $1,348 |
| Median Income | $87,536 | $86,372 | $78,538 |
| Home Value To Income | 4.6x | 5.7x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Warwick, RI Costs By Category
Detailed Warwick Services Costs Vs. Rhode Island
| Item | Warwick | Rhode Island |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $14.37 | $12.13 |
| Bowling | $22.72 | $18 |
| Haircut | $31.5 | $24.26 |
| Beauty Salon | $49.92 | $45.56 |
Detailed Warwick Groceries Costs Vs. Rhode Island
| Item | Warwick | Rhode Island |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.59 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Warwick Health Costs Vs. Rhode Island
| Item | Warwick | Rhode Island |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Warwick Transportation Costs Vs. Rhode Island
| Item | Warwick | Rhode Island |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Warwick Utilities Costs Vs. Rhode Island
| Item | Warwick | Rhode Island |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
Warwick SnackAbility
/10
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:
Providence, RI has a cost of living index of 111, 1.0x Warwick.
Cranston, RI has a cost of living index of 116, 1.0x Warwick.
Pawtucket, RI has a cost of living index of 110, 1.0x Warwick.
| City | Population | Cost Of Living | Vs. Warwick |
|---|---|---|---|
| Providence, RI | 190,214 | 111 | 1.0x |
| Cranston, RI | 82,632 | 116 | 1.0x |
| Pawtucket, RI | 75,280 | 110 | 1.0x |
| East Providence, RI | 46,970 | 110 | 1.0x |
| Central Falls, RI | 22,481 | 103 | 0.9x |
| Somerset, MA | 18,246 | 120 | 1.1x |
| Valley Falls, RI | 12,370 | 114 | 1.0x |
| Tiverton, RI | 8,151 | 117 | 1.0x |
