| Index | Warwick | Rhode Island | National |
| Cost of living | 111 | 110 | 100 |
| Groceries | 104 | 103 | 100 |
| Health care | 103 | 103 | 100 |
| Housing | 128 | 124 | 100 |
| Transportation | 103 | 104 | 100 |
| Utilities | 106 | 106 | 100 |
| Lifestyle & Entertainment | 104 | 107 | 100 |
| Household Items | 106 | 105 | 100 |
| Education & Childcare | 105 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Warwick? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Warwick stands at 111, making it 11% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs significantly influence the Warwick cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 28.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Nobody knows their city better than the people who actually live there. So, we asked 9 local residents how they would rate the cost of living in Warwick and this is how they responded. 56% of people said that the cost of living was affordable, with prices decreasing, while 44% of people said that the cost of living was very expensive and prices continue to rise.
Is Warwick an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Warwick, the median home price is 32% higher than what most folks pay across the country, and monthly rent prices are 20.2% higher than the usual rates. Income levels in Warwick come in at $111,068, which is 36.6% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Warwick, healthcare costs are 2.8% higher than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Warwick, the groceries index registers 3.8% higher than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Warwick, the transportation index stands at 2.5% higher than the national average.
The Warwick cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Groceries index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $130,254 | $10,855 | $3,039 | $3,908 |
| Renters | $60,120 | $5,010 | $1,403 | $1,804 |
| State | General Sales Tax | With Max Surtax |
| Rhode Island | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Rhode Island | 3.75% | 5.99% |
| City | Population | Cost of Living Index | National Avg. |
| Clayville, RI | 83 | 105 | 4.9% |
| Central Falls, RI | 20,175 | 103 | 3.0% |
| Pawtucket, RI | 74,311 | 108 | 7.7% |
| Providence, RI | 185,554 | 109 | 9.0% |
| East Providence, RI | 48,849 | 108 | 8.4% |
| Warwick, RI | 82,750 | 111 | 11.4% |
| City | Population | Cost of Living Index | National Avg. |
| Pleasanton, CA | 82,910 | 231 | 130.8% |
| Farmington Hills, MI | 82,920 | 111 | 10.8% |
| Tustin, CA | 82,930 | 182 | 82.0% |
| New Westminster, BC | 82,940 | n/a | |
| Alameda, CA | 82,498 | 206 | 106.1% |
| Warwick, RI | 82,750 | 111 | 11.4% |
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