Housing costs in Redwood City?
A typical home costs
$1,565,100, which is 362.9% more expensive than the national average of
$338,100 and 113.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Redwood City costs
$4,750 per month, which is 120.9% more than the national average of
$2,150 and 42.7% more than the state average of
$2,720.
Can I afford Redwood City?
To live comfortably in Redwood City (zip 94065), California, a minimum annual income of
$299,880 for a family, and
$158,800 for a single person is recommended.
What does A.I. say about Redwood City?
The cost of living in 94065 Redwood City, CA is quite expensive. According to BestPlaces's Cost of Living Index, Redwood City has an index score of 125.1, which is significantly higher than the national average of 100. The city’s housing expenses alone are almost 40% above the national average. In addition, there are other costs associated with living in Redwood City such as groceries and utilities that can add up quickly. Furthermore, transportation costs can be high due to the fact that it is located in one of the most congested parts of the Bay Area. All these factors make living in 94065 Redwood City a costly endeavor for many people.