Cost of living in Warwick
Warwick, located in the state of Rhode Island, offers a unique blend of suburban charm and coastal beauty. Understanding the cost of living in Warwick is crucial for anyone considering moving to or residing in this city.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $25 on average, with a range between $12 and $37.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $100, with prices ranging from $48 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $6 to $12, cappuccino $4 to $6, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.7 and $1.32 per liter, averaging $1.32.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.98 and $4.41, with an average price of $4.
- Eggs (Dozen) - A dozen eggs range from $2.07 to $8, averaging $5.63.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $8.82 per kg, while oranges range from $4.39 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.2 and $6.61 per kg, and lettuce costs $1.5 to $3.99 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.83 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $4, with additional costs for distance and waiting time.
- Car Purchase - A new Volkswagen Golf costs around $35,783.94, while a Toyota Corolla is priced at $26,187.44.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1850.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2100.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2300.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2400.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $109.29 and $400, averaging $302.32.
- Internet - Internet services range from $30 to $95, with an average cost of $59.17.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Warwick presents a moderate cost of living with relatively high housing costs, especially for rentals outside the city centre.
Dining out can be expensive, particularly at mid-range restaurants, while grocery prices vary widely.
Transportation costs are manageable, with gasoline prices being relatively low compared to national averages.
Utilities and internet services are moderately priced, contributing to the overall living expenses.
Conclusion
In conclusion, Warwick offers a balanced cost of living with some areas of higher expense, such as housing and dining.
Potential residents should budget carefully, particularly for housing and dining, while taking advantage of the relatively low transportation costs.
Overall, Warwick provides a comfortable living environment with access to essential services and amenities.