Warwick, RI — income, home value, property tax, and sales tax.
Households in ZIP code 02831, near Warwick, earn a median of $137,181, placing the area firmly in affluent territory, with per-capita income at $67,199. Homes here carry a median value of $462,200, and the county-level property tax rate of 1.25% means owners pay a substantial sum each year on that valuation. Add Rhode Island's 7.00% combined sales tax, and the overall cost of living runs high. Even so, incomes at this level comfortably absorb both the property tax and everyday sales tax charges.
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