Housing costs in Warren?
A typical home costs
$436,100, which is 29.0% more expensive than the national average of
$338,100 and 8.7% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Warren costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 7.5% cheaper than the state average of
$1,430.
Can I afford Warren?
To live comfortably in Warren (zip 02885), Rhode Island, a minimum annual income of
$83,520 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Warren?
The cost of living in 02885 Warren, RI is relatively high compared to other areas in the state. According to data from the BestPlaces Bureau, the median household income for 02885 residents is around $73,000 a year and the median home value is around $320,000. This means that the cost of living in Warren is significantly higher than the national average and comparable to many other affluent communities in Rhode Island. Although housing prices are high, they are still affordable for many families due to low taxes and good job prospects in the area. Other costs such as food and transportation are also more expensive than average but still manageable due to steady incomes among most households.