Housing costs in Warwick?
A typical home costs
$311,700, which is 7.8% less expensive than the national average of
$338,100 and 22.3% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Warwick costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 8.8% more than the state average of
$1,460.
Can I afford Warwick?
To live comfortably in Warwick (zip 02889), Rhode Island, a minimum annual income of
$59,760 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Warwick?
The cost of living in 02889 Warwick, RI is relatively high due to its proximity to Providence and other larger cities in the area. The median home price in Warwick is $279,000, which is significantly higher than the national average of $200,000. Rent prices are also elevated compared to other areas of Rhode Island and the United States at an average monthly rental rate of about $1,500. Additionally, grocery costs have been steadily increasing since 2017. Despite these high costs, however, residents of 02889 Warwick benefit from a low unemployment rate and various public transportation options that can help reduce living expenses.