MyNeighborhood

Can you afford to live in Warwick?

Median household income, home values and rent in Warwick, RI — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Warwick.

Median household income: $87,536 — +32.5% since 2015 (not adjusted for inflation)

Median gross rent: $1,299/mo — +22.1% since 2015

Median home value, 2015 to 2023

  • 2015: 195700
  • 2023: 322000

Median household income

  • Warwick: 87536
  • Kent County: 91278
  • RI: 86372
  • U.S.: 78538

Median gross rent

  • Warwick: 1299
  • Kent County: 1264
  • RI: 1273
  • U.S.: 1348

Share of income a typical renter spends on rent: 31.6% — U.S.: 30.2%

What it means

The typical household here earns $87,536 — slightly higher than the national figure of $78,538.

The typical renter here spends 31.6% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+32.5% versus +22.1%), before adjusting for inflation.

Sources

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