Warwick is a mid-sized city located in the state of Rhode Island. The city has a population of 81,881 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (92% White). Given that fact, Warwick could be considered less diverse than other cities. 76% of the people in Warwick (over the age of 15) are married and 64% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the city before actually living in Warwick, Rhode Island. The best areas in Warwick and in surrounding cities are easier to find when you are able to make informed decisions. Using data from weather, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Rhode Island and national averages.
Warwick, RI receives 72 out of 100 for its livability score; this results in a ranking of #5 in Rhode Island and #8,750 in the USA. If we explore each of the categories on their own, we see that Warwick ranks well for amenities (A+), crime (A) and housing (B-). There is at least one category that you should be aware of in Warwick. The following was graded with a concerning score: cost of living (F) and education (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Warwick, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: Oakland Beach, Goddard State Park, and Buttonwoods City Park.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 119 crimes per 100,000 residents, Warwick has a violent crime rate that is far below the national average.
Finding affordable real estate and apartments for rent in Warwick can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Warwick is actually affordable. The median home price for Warwick homes is $195,700, which is 17.8% lower than the Rhode Island average. If we take a closer look at the affordability of homes in Warwick, we’ll see that the home price to income ratio is 2.9, which is 29.3% lower than the Rhode Island average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Warwick were 7.6%, and the 5 year appreciation rates came in at 6.5%.