Warwick, NY vs Water Mill, NY

The cost of living difference between Warwick, NY and Water Mill, NY is dramatic. Warwick is 63.4% cheaper than Water Mill, a gap that translates to thousands of dollars per year in household expenses. Warwick has a cost index of 109 while Water Mill sits at 299, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Warwick is $1,242/month compared to $3,150/month in Water Mill — a 61% difference. Home values follow the same pattern: Warwick is more affordable at $405,700 median vs $2,000,001.

Median household income in Warwick is $81,250 compared to $158,250 in Water Mill (-48.7%). The higher salaries in Water Mill partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Warwick spend roughly 18.3% of their income on rent, less than the 23.9% in Water Mill.