diff --git a/docs/source-fabric/api/utilities.rst b/docs/source-fabric/api/utilities.rst
index b4bd1f564131c..bf23827b6dfe8 100644
--- a/docs/source-fabric/api/utilities.rst
+++ b/docs/source-fabric/api/utilities.rst
@@ -9,3 +9,5 @@ lightning.fabric.utilities
 .. autofunction:: lightning.fabric.utilities.seed.seed_everything
 
 .. autofunction:: lightning.fabric.utilities.seed.pl_worker_init_function
+
+.. autofunction:: lightning.fabric.utilities.data.suggested_max_num_workers
diff --git a/src/lightning/fabric/CHANGELOG.md b/src/lightning/fabric/CHANGELOG.md
index 91bd87a3dbc8f..0a44a71ba244b 100644
--- a/src/lightning/fabric/CHANGELOG.md
+++ b/src/lightning/fabric/CHANGELOG.md
@@ -127,6 +127,9 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Enabled the default process group configuration for FSDP's hybrid sharding ([#18583](https://github.com/Lightning-AI/lightning/pull/18583))
 
 
+- Added `lightning.fabric.utilities.suggested_max_num_workers` to assist with setting a good value in distributed settings ([#18591](https://github.com/Lightning-AI/lightning/pull/18591))
+
+
 ### Changed
 
 - Allow using iterable-style datasets with TPUs ([#17331](https://github.com/Lightning-AI/lightning/pull/17331))
diff --git a/src/lightning/fabric/utilities/__init__.py b/src/lightning/fabric/utilities/__init__.py
index 53bd2a4526612..c706d64463189 100644
--- a/src/lightning/fabric/utilities/__init__.py
+++ b/src/lightning/fabric/utilities/__init__.py
@@ -14,6 +14,7 @@
 """General utilities."""
 
 from lightning.fabric.utilities.apply_func import move_data_to_device  # noqa: F401
+from lightning.fabric.utilities.data import suggested_max_num_workers  # noqa: F401
 from lightning.fabric.utilities.enums import LightningEnum  # noqa: F401
 from lightning.fabric.utilities.rank_zero import (  # noqa: F401
     rank_zero_deprecation,
diff --git a/src/lightning/fabric/utilities/data.py b/src/lightning/fabric/utilities/data.py
index 7b3af926cfda0..60e666cc4e981 100644
--- a/src/lightning/fabric/utilities/data.py
+++ b/src/lightning/fabric/utilities/data.py
@@ -433,3 +433,25 @@ def _set_sampler_epoch(dataloader: object, epoch: int) -> None:
         set_epoch = getattr(obj, "set_epoch", None)
         if callable(set_epoch):
             set_epoch(epoch)
+
+
+def suggested_max_num_workers(local_world_size: int) -> int:
+    """Suggests an upper bound of ``num_workers`` to use in a PyTorch :class:`~torch.utils.data.DataLoader` based on
+    the number of CPU cores available on the system and the number of distributed processes in the current machine.
+
+    Args:
+        local_world_size: The number of distributed processes running on the current machine. Set this to the number
+            of devices configured in Fabric/Trainer.
+    """
+    if local_world_size < 1:
+        raise ValueError(f"`local_world_size` should be >= 1, got {local_world_size}.")
+    cpu_count = _num_cpus_available()
+    return max(1, cpu_count // local_world_size)
+
+
+def _num_cpus_available() -> int:
+    if hasattr(os, "sched_getaffinity"):
+        return len(os.sched_getaffinity(0))
+
+    cpu_count = os.cpu_count()
+    return 1 if cpu_count is None else cpu_count
diff --git a/src/lightning/pytorch/CHANGELOG.md b/src/lightning/pytorch/CHANGELOG.md
index d42775efd7c51..74d2c352b146f 100644
--- a/src/lightning/pytorch/CHANGELOG.md
+++ b/src/lightning/pytorch/CHANGELOG.md
@@ -131,6 +131,13 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Enabled the default process group configuration for FSDP's hybrid sharding ([#18583](https://github.com/Lightning-AI/lightning/pull/18583))
 
 
+
+- Added `lightning.pytorch.utilities.suggested_max_num_workers` to assist with setting a good value in distributed settings ([#18591](https://github.com/Lightning-AI/lightning/pull/18591))
+
+
+- Improved the `num_workers` warning to give a more accurate upper limit on the `num_workers` suggestion ([#18591](https://github.com/Lightning-AI/lightning/pull/18591))
+
+
 ### Changed
 
 - Removed the limitation to call `self.trainer.model.parameters()` in `LightningModule.configure_optimizers()` ([#17309](https://github.com/Lightning-AI/lightning/pull/17309))
diff --git a/src/lightning/pytorch/trainer/connectors/data_connector.py b/src/lightning/pytorch/trainer/connectors/data_connector.py
index ede53b999d290..5832559ffd619 100644
--- a/src/lightning/pytorch/trainer/connectors/data_connector.py
+++ b/src/lightning/pytorch/trainer/connectors/data_connector.py
@@ -11,7 +11,6 @@
 # WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
 # See the License for the specific language governing permissions and
 # limitations under the License.
-import multiprocessing
 import os
 from dataclasses import dataclass, field
 from typing import Any, Iterable, Optional, Tuple, Union
@@ -25,6 +24,7 @@
     _replace_dunder_methods,
     _set_sampler_epoch,
     has_iterable_dataset,
+    suggested_max_num_workers,
 )
 from lightning.fabric.utilities.distributed import DistributedSamplerWrapper
 from lightning.pytorch.overrides.distributed import UnrepeatedDistributedSamplerWrapper
@@ -420,11 +420,11 @@ def _check_dataloader_iterable(
         )
 
 
-def _worker_check(dataloader: object, using_spawn: bool, name: str) -> None:
+def _worker_check(trainer: "pl.Trainer", using_spawn: bool, dataloader: object, name: str) -> None:
     if not isinstance(dataloader, DataLoader):
         return
 
-    num_cpus = multiprocessing.cpu_count()
+    upper_bound = suggested_max_num_workers(trainer.num_devices)
 
     # ddp_spawn + num_workers > 0 don't mix! tell the user
     if dataloader.num_workers > 0 and using_spawn:
@@ -442,14 +442,11 @@ def _worker_check(dataloader: object, using_spawn: bool, name: str) -> None:
                 "strategy=ddp_spawn and num_workers=0 may result in data loading bottlenecks."
                 " Consider setting num_workers>0 and persistent_workers=True"
             )
-
-    elif dataloader.num_workers <= 2 < num_cpus and not using_spawn:
+    elif dataloader.num_workers <= 2 < upper_bound or dataloader.num_workers < 2 <= upper_bound:
         # if changed, update the `filterwarnings` snippet in 'speed.html#num-workers'
         rank_zero_warn(
-            f"The dataloader, {name}, does not have many workers which may be a bottleneck."
-            " Consider increasing the value of the `num_workers` argument`"
-            f" (try {num_cpus} which is the number of cpus on this machine)"
-            " in the `DataLoader` init to improve performance.",
+            f"The '{name}' does not have many workers which may be a bottleneck. Consider increasing the value of the"
+            f" `num_workers` argument` to `num_workers={upper_bound}` in the `DataLoader` to improve performance.",
             category=PossibleUserWarning,
         )
 
@@ -507,9 +504,10 @@ def _process_dataloader(
 
     # check the workers
     _worker_check(
-        dataloader,
-        isinstance(strategy, DDPStrategy) and strategy._start_method == "spawn",
-        f"{stage.dataloader_prefix}_dataloader",
+        trainer=trainer,
+        using_spawn=isinstance(strategy, DDPStrategy) and strategy._start_method == "spawn",
+        dataloader=dataloader,
+        name=f"{stage.dataloader_prefix}_dataloader",
     )
 
     # add worker_init_fn for correct seeding in worker processes
diff --git a/src/lightning/pytorch/utilities/__init__.py b/src/lightning/pytorch/utilities/__init__.py
index e2e0c0a8d941e..699120da7ea36 100644
--- a/src/lightning/pytorch/utilities/__init__.py
+++ b/src/lightning/pytorch/utilities/__init__.py
@@ -17,6 +17,7 @@
 
 from lightning.fabric.utilities import LightningEnum  # noqa: F401
 from lightning.fabric.utilities import move_data_to_device  # noqa: F401
+from lightning.fabric.utilities import suggested_max_num_workers  # noqa: F401
 from lightning.pytorch.utilities.combined_loader import CombinedLoader  # noqa: F401
 from lightning.pytorch.utilities.enums import GradClipAlgorithmType  # noqa: F401
 from lightning.pytorch.utilities.grads import grad_norm  # noqa: F401
diff --git a/tests/tests_fabric/utilities/test_data.py b/tests/tests_fabric/utilities/test_data.py
index 072d7a545677a..5cfcb8e747a85 100644
--- a/tests/tests_fabric/utilities/test_data.py
+++ b/tests/tests_fabric/utilities/test_data.py
@@ -1,13 +1,17 @@
 import contextlib
+import os
 import random
+from unittest import mock
 from unittest.mock import Mock
 
 import numpy as np
 import pytest
 import torch
+from lightning_utilities.test.warning import no_warning_call
 from torch import Tensor
 from torch.utils.data import BatchSampler, DataLoader, RandomSampler
 
+import lightning.fabric
 from lightning.fabric.utilities.data import (
     _get_dataloader_init_args_and_kwargs,
     _replace_dunder_methods,
@@ -17,6 +21,7 @@
     _WrapAttrTag,
     has_iterable_dataset,
     has_len,
+    suggested_max_num_workers,
 )
 from lightning.fabric.utilities.exceptions import MisconfigurationException
 from tests_fabric.helpers.models import RandomDataset, RandomIterableDataset
@@ -575,3 +580,63 @@ def test_set_sampler_epoch():
     _set_sampler_epoch(dataloader, 55)
     dataloader.sampler.set_epoch.assert_called_once_with(55)
     dataloader.batch_sampler.sampler.set_epoch.assert_called_once_with(55)
+
+
+@pytest.mark.parametrize(
+    ("cpu_count", "local_world_size", "expected"),
+    [
+        (0, 1, 1),
+        (1, 1, 1),
+        (2, 1, 2),
+        (1, 2, 1),
+        (1, 2, 1),
+        (2, 2, 1),
+        (3, 2, 1),
+        (4, 2, 2),
+        (4, 3, 1),
+        (4, 1, 4),
+    ],
+)
+@pytest.mark.parametrize(
+    "affinity",
+    [
+        False,
+        pytest.param(
+            True,
+            marks=pytest.mark.skipif(
+                not hasattr(os, "sched_getaffinity"), reason="OS does not support restricting CPU cores"
+            ),
+        ),
+    ],
+)
+@mock.patch("lightning.fabric.utilities.data.os.cpu_count")
+def test_suggested_max_num_workers(cpu_count_mock, affinity, cpu_count, local_world_size, expected, monkeypatch):
+    if affinity:
+        monkeypatch.setattr(lightning.fabric.utilities.data.os, "sched_getaffinity", lambda _: list(range(cpu_count)))
+    else:
+        monkeypatch.delattr(lightning.fabric.utilities.data.os, "sched_getaffinity", raising=False)
+        cpu_count_mock.return_value = cpu_count
+
+    assert suggested_max_num_workers(local_world_size) == expected
+
+
+@pytest.mark.parametrize("invalid", [-1, 0])
+def test_suggested_max_num_workers_input_validation(invalid):
+    with pytest.raises(ValueError, match="should be >= 1"):
+        suggested_max_num_workers(invalid)
+
+
+@pytest.mark.parametrize("cpu_count", [1, 2, 3])
+@pytest.mark.parametrize("local_world_size", [1, 2, 3])
+def test_suggested_max_num_workers_not_triggering_torch_warning(local_world_size, cpu_count, monkeypatch):
+    """Test that our suggestion for num workers doesn't trigger a warning in the DataLoader for too many workers."""
+    monkeypatch.delattr(lightning.fabric.utilities.data.os, "sched_getaffinity", raising=False)
+    monkeypatch.delattr(torch.utils.data.dataloader.os, "sched_getaffinity", raising=False)
+    monkeypatch.setattr(lightning.fabric.utilities.data.os, "cpu_count", lambda: cpu_count)
+    monkeypatch.setattr(torch.utils.data.dataloader.os, "cpu_count", lambda: cpu_count)
+
+    # The dataloader runs a check in `DataLoader.check_worker_number_rationality`
+    with pytest.warns(UserWarning, match="This DataLoader will create"):
+        DataLoader(range(2), num_workers=(cpu_count + 1))
+    with no_warning_call():
+        DataLoader(range(2), num_workers=suggested_max_num_workers(local_world_size))
diff --git a/tests/tests_pytorch/trainer/connectors/test_data_connector.py b/tests/tests_pytorch/trainer/connectors/test_data_connector.py
index 7c9dc9126dc0e..d9aaff068764a 100644
--- a/tests/tests_pytorch/trainer/connectors/test_data_connector.py
+++ b/tests/tests_pytorch/trainer/connectors/test_data_connector.py
@@ -15,6 +15,7 @@
 from io import StringIO
 from re import escape
 from typing import Sized
+from unittest import mock
 from unittest.mock import Mock
 
 import pytest
@@ -22,6 +23,7 @@
 from torch import Tensor
 from torch.utils.data import BatchSampler, DataLoader, DistributedSampler, Sampler, SequentialSampler
 
+import lightning.fabric
 from lightning.fabric.utilities.distributed import DistributedSamplerWrapper
 from lightning.fabric.utilities.warnings import PossibleUserWarning
 from lightning.pytorch import Trainer
@@ -30,6 +32,7 @@
     _check_dataloader_iterable,
     _DataHookSelector,
     _DataLoaderSource,
+    _worker_check,
     warning_cache,
 )
 from lightning.pytorch.trainer.states import RunningStage, TrainerFn
@@ -146,6 +149,40 @@ def test_dataloader_warnings(tmpdir, num_workers):
     trainer.fit(TestSpawnBoringModel(num_workers))
 
 
+@pytest.mark.parametrize(
+    ("num_devices", "num_workers", "cpu_count", "expected_warning"),
+    [
+        (1, 0, 1, False),
+        (8, 0, 1, False),
+        (8, 0, None, False),
+        (1, 1, None, False),
+        (1, 2, 2, False),
+        (1, 1, 8, True),
+        (1, 2, 8, True),
+        (1, 3, 8, False),
+        (4, 1, 8, True),
+        (4, 2, 8, False),
+        (8, 2, 8, False),
+    ],
+)
+@mock.patch("lightning.fabric.utilities.data.os.cpu_count")
+def test_worker_check(cpu_count_mock, num_devices, num_workers, cpu_count, expected_warning, monkeypatch):
+    monkeypatch.delattr(lightning.fabric.utilities.data.os, "sched_getaffinity", raising=False)
+    trainer = Mock(spec=Trainer)
+    dataloader = Mock(spec=DataLoader)
+    trainer.num_devices = num_devices
+    dataloader.num_workers = num_workers
+    cpu_count_mock.return_value = cpu_count
+
+    if expected_warning:
+        ctx = pytest.warns(UserWarning, match="Consider increasing the value of the `num_workers` argument`")
+    else:
+        ctx = no_warning_call(UserWarning)
+
+    with ctx:
+        _worker_check(trainer, using_spawn=False, dataloader=dataloader, name="train_dataloader")
+
+
 def test_update_dataloader_raises():
     with pytest.raises(ValueError, match="needs to subclass `torch.utils.data.DataLoader"):
         _update_dataloader(object(), object(), mode="fit")
diff --git a/tests/tests_pytorch/trainer/test_dataloaders.py b/tests/tests_pytorch/trainer/test_dataloaders.py
index a0cd3fdf74cdb..19515cd5399e5 100644
--- a/tests/tests_pytorch/trainer/test_dataloaders.py
+++ b/tests/tests_pytorch/trainer/test_dataloaders.py
@@ -532,7 +532,7 @@ def test_warning_on_zero_len_dataloader():
 @RunIf(skip_windows=True)
 @pytest.mark.parametrize("ckpt_path", [None, "best", "specific"])
 @pytest.mark.parametrize("stage", ["train", "test", "val"])
-@patch("lightning.pytorch.trainer.connectors.data_connector.multiprocessing.cpu_count", return_value=4)
+@patch("lightning.fabric.utilities.data._num_cpus_available", return_value=4)
 def test_warning_with_few_workers(_, tmpdir, ckpt_path, stage):
     """Test that error is raised if dataloader with only a few workers is used."""
     model = BoringModel()
@@ -545,10 +545,7 @@ def test_warning_with_few_workers(_, tmpdir, ckpt_path, stage):
 
     trainer = Trainer(default_root_dir=tmpdir, max_epochs=1, limit_val_batches=0.1, limit_train_batches=0.2)
 
-    with pytest.warns(
-        UserWarning,
-        match=f"The dataloader, {stage}_dataloader, does not have many workers",
-    ):
+    with pytest.warns(UserWarning, match=f"The '{stage}_dataloader' does not have many workers"):
         if stage == "test":
             if ckpt_path in ("specific", "best"):
                 trainer.fit(model, train_dataloaders=train_dl, val_dataloaders=val_dl)
@@ -561,9 +558,9 @@ def test_warning_with_few_workers(_, tmpdir, ckpt_path, stage):
 @RunIf(skip_windows=True)
 @pytest.mark.parametrize("ckpt_path", [None, "best", "specific"])
 @pytest.mark.parametrize("stage", ["train", "test", "val"])
-@patch("lightning.pytorch.trainer.connectors.data_connector.multiprocessing.cpu_count", return_value=4)
+@patch("lightning.fabric.utilities.data._num_cpus_available", return_value=4)
 def test_warning_with_few_workers_multi_loader(_, tmpdir, ckpt_path, stage):
-    """Test that error is raised if dataloader with only a few workers is used."""
+    """Test that a warning is emitted if the dataloader only has a few workers."""
 
     class CustomModel(MultiEvalDataLoaderModel):
         def training_step(self, batch, batch_idx):
@@ -584,7 +581,7 @@ def training_step(self, batch, batch_idx):
 
     with pytest.warns(
         UserWarning,
-        match=f"The dataloader, {stage}_dataloader, does not have many workers",
+        match=f"The '{stage}_dataloader' does not have many workers",
     ):
         if stage == "test":
             if ckpt_path in ("specific", "best"):