Cost of Living in Warwick, RI
Population 83,175 · Census ACS 2020–2024 5-year estimates
The median rent in Warwick, RI is $1,363/month, about the same as the Rhode Island median and 4% lower than the U.S. median. The median home value is $354,600, 7% higher than the national median. Households earn a median of $88,708 a year, about the same as the state median.
Affordability
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Warwick vs. Rhode Island vs. U.S.
| Warwick | Rhode Island | U.S. | |
|---|---|---|---|
| Median rent | $1,363 | $1,342 | $1,413 |
| Median home value | $354,600 | $404,200 | $332,700 |
| Median household income | $88,708 | $87,796 | $80,734 |
| Homeownership rate | 73.3% | 63.6% | 65.2% |
| Bachelor's degree or higher | 33.7% | 37.7% | 35.7% |
| Poverty rate | 7.6% | 11.2% | 12.5% |
| Unemployment rate | 5.1% | 5.8% | 5.2% |
| Work from home | 12.4% | 13.0% | 15.1% |
| Median age | 44.3 | 40.6 | 38.9 |
FAQ
What is the average rent in Warwick, RI?
The median gross rent in Warwick, RI is $1,363 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Warwick, RI?
Using the common 30% rule, renting a median-priced home takes about $54,520 a year in gross income.
Is Warwick, RI expensive to live in?
Rent there is 4% lower than the U.S. median, and the median home costs about 4.0 times the median household income.
Other cities in Rhode Island
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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