Housing costs in Warwick?
A typical home costs
$348,400, which is 3.0% more expensive than the national average of
$338,100 and 13.2% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Warwick costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 16.6% more than the state average of
$1,460.
Can I afford Warwick?
To live comfortably in Warwick (zip 02886), Rhode Island, a minimum annual income of
$66,600 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Warwick?
Living in 02886 Warwick, RI can be quite expensive. The cost of living index is about 18% higher than the state average and nearly 32% higher than the national average. The median home value is about $255,000, which is significantly higher than the national median home value of around $200,000. Renting an apartment or house also comes at a premium with prices ranging from around $1,000 per month for a one bedroom to upwards of $2,000 for a three bedroom. Utilities can also be quite pricey in Warwick when compared to other parts of Rhode Island and the United States as a whole. However there are several benefits that come with living in Warwick including access to great schools and numerous outdoor activities such as hiking trails and beaches.