Quick facts: West warwick, RI

Quick Facts

113.8
Cost of Living
above US average
28,874
Population
10.39
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$450,000
Median House Price
above US average
$1763.44
Average Rent
above US average
10%
Poverty Rate
below US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,000.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $65,000
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Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1763.44/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for West warwick, RI

West Warwick, Rhode Island, is a charming town located in Kent County, approximately 10 miles southwest of Providence. With a rich industrial history, much of the town's development stemmed from textile manufacturing in the 19th and early 20th centuries. Today, it blends suburban tranquility with access to urban amenities. West Warwick boasts several parks, including the expansive Wawaloam Park, which offers walking trails, sports facilities, and picnic areas, perfect for family outings and recreational activities. The town is also home to various local shops, restaurants, and community events that foster a tight-knit atmosphere. Due to its strategic location, residents benefit from convenient access to nearby cities, making it an ideal place for commuters. The community is served by the West Warwick School District, which emphasizes education and student development. Overall, West Warwick presents a welcoming environment with a blend of historical significance and modern community living, making it a desirable place for families and individuals alike.

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