Housing costs in Redwood City?
A typical home costs
$2,339,700, which is 592.0% more expensive than the national average of
$338,100 and 219.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Redwood City costs
$3,140 per month, which is 46.0% more than the national average of
$2,150 and 13.4% more than the state average of
$2,720.
Can I afford Redwood City?
To live comfortably in Redwood City (zip 94062), California, a minimum annual income of
$448,200 for a family, and
$104,800 for a single person is recommended.
What does A.I. say about Redwood City?
The cost of living in 94062 Redwood City, CA is among the highest in the nation. According to BestPlaces, the overall cost of living index for the area is 152, which is 52% higher than the national average. Housing costs are particularly high, with a median home price in Redwood City of $1,501,300 as of 2020. Renters will have to pay an average monthly rent of $3,100 for a one-bedroom apartment and $4,000 for a two-bedroom apartment. Transportation and groceries are also more expensive than national averages. However, beyond basic living expenses, there are plenty of affordable activities and attractions to enjoy in Redwood City.