Decreasing climate models' grid spacing improves the representation of tropical cyclones at decadal time scales. In this study, a variable‐resolution (VR) version of the Community Atmosphere Model 5 (CAM5‐VR) is utilized to study North Atlantic tropical cyclone climatology in ensemble historical climate simulations and under two Representative Concentration Pathway (RCP) projections (RCP4.5 and RCP8.5). Basin‐wide tropical cyclone counts decrease in the RCP simulations, although landfalling storm counts do not show as straightforward of a pattern, especially when focusing on regional changes. Lifetime maximum intensity metrics suggest that tropical cyclones increase in strength in the RCP ensembles. However, despite increases in tropical cyclone‐related precipitation rates and the amount of precipitation produced per storm with warming, the annual average Rx5day from tropical cyclones over the eastern United States decreases due to less landfalling storms. This work is part of a continued effort to quantify how tropical cyclone‐induced hazards may change in future climates.