Warwick, MA is a small town in the state of Massachusetts. It has a population of approximately 18,000 people with an average 2 bedroom rent of $1,260 per month which is slightly lower than the US average rent for a 2 bedroom at $1,430. Grocery cost index in Warwick is also 105 versus 100 nationwide. There are many notable local businesses such as Warwick Book Store, Warwick Pizza & Subs and Warwick Valley Winery & Distillery that contribute to the local economy. The cost of living in Warwick is more favourable than the US average making it a desirable place to live for those looking for lower expenses.
Warwick has an unemployment rate of 4.5%. The US average is 6.0%.
Warwick has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Warwick
- The Sales Tax Rate for Warwick is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Warwick is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Warwick
- The average income of a Warwick resident is $38,944 a year. The US average is $37,638 a year.
- The Median household income of a Warwick resident is $75,179 a year. The US average is $69,021 a year.