Here we can see a simple outline of the cost of living in Warwick, RI. As you can see, with the average cost of living in Warwick, RI being 114, that puts it 3% lower than the average of Rhode Island and 14% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Warwick, RI, the price of goods and services are equal to the average of Rhode Island as well as 19% higher than the nation's average.