Housing costs in Redding?
A typical home costs
$247,600, which is 26.8% less expensive than the national average of
$338,100 and 27.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Redding costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$930.
Can I afford Redding?
To live comfortably in Redding (zip 50860), Iowa, a minimum annual income of
$47,520 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Redding?
The cost of living in 50860 Redding, IA is relatively low compared to other cities across the United States. According to Sperling's Best Places, the cost of living index for 50860 Redding, IA is 76.3 which means it is 24.7% lower than the US average. The median home value is also quite affordable at $110,400 and the median household income is $49,140. This makes 50860 Redding, IA an attractive place for those looking to keep their budget low but still have access to all the amenities one would expect from a small city. Additionally, the unemployment rate is 4.1%, lower than the national average of 5.2%, which makes this city a desirable place to live and work as well.