Housing costs in Redding?
A typical home costs
$677,700, which is 100.4% more expensive than the national average of
$338,100 and 87.2% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Redding costs
$2,890 per month, which is 102.1% more than the national average of
$1,430 and 42.6% more than the state average of
$1,660.
Can I afford Redding?
To live comfortably in Redding, Connecticut, a minimum annual income of
$129,960 for a family, and
$94,000 for a single person is recommended.
What does A.I. say about Redding?
The cost of living in Redding, CT is slightly higher than the national average. According to statistics, the median household income here is around $93,399 per year and housing costs are at a median of $563,890 for a single family home. The daily cost of basic necessities such as food, clothing, and health care are also higher than most other areas. However, it is still cheaper than some of its neighboring towns and cities. Redding has generally low crime rates and offers a high level of quality education which makes it an attractive place to live. Overall, Redding offers residents an enjoyable lifestyle at a reasonable price compared to similar towns in Connecticut.