Housing costs in Redwood?
A typical home costs
$179,000, which is 47.1% less expensive than the national average of
$338,100 and 56.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Redwood costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 76.6% cheaper than the state average of
$1,960.
Can I afford Redwood?
To live comfortably in Redwood, New York, a minimum annual income of
$34,200 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Redwood?
The cost of living in Redwood, NY is relatively low compared to other areas in the country. The median home price is just over $151,000 while the median rent for a two-bedroom apartment is around $750. This makes Redwood an affordable place to live for families who want to relocate to a small town with picturesque views and a friendly community atmosphere. Additionally, the median household income is slightly above the national average at $57,819 per year, indicating that most families have the means to support their lifestyle comfortably in this area. Furthermore, there are no state or local taxes on income making it attractive for those looking to keep more of their money in their pocketbooks.