Housing costs in Redwood City?
A typical home costs
$1,205,100, which is 256.4% more expensive than the national average of
$338,100 and 64.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Redwood City costs
$3,220 per month, which is 49.8% more than the national average of
$2,150 and 15.5% more than the state average of
$2,720.
Can I afford Redwood City?
To live comfortably in Redwood City (zip 94063), California, a minimum annual income of
$230,760 for a family, and
$107,600 for a single person is recommended.
What does A.I. say about Redwood City?
\nThe cost of living in 94063 Redwood City, CA is higher than the national average. According to Best Places, the overall cost of living index for Redwood City is 144.2, which is 14.2% higher than the U.S. average. The median home cost in Redwood City is $1,051,100 and the median rent price is $3,240 per month. Groceries are 11.3% more expensive than the national average as well as transportation costs which are 16% higher than the U.S. average. Utilities are slightly lower at 3% below the national average and health care costs are 6.5% above the U.S., making it an expensive place to live overall compared to other cities in California or around the entire country.