Cost of Living in Redding, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
44.3
100 = national avg
-55.7 vs national average
Living Wage (1 Adult)
$19,513
per year
Living Wage (Family of 4)
$46,122
per year
Cost Index by Category
Housing34.1
Utilities80.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$748
per month
2 Bedroom
$919
per month
The overall cost of living index in Redding is 44.3, which is 55.7% below the national average. Housing costs are below the national average at an index of 34.1. A single adult needs to earn approximately $19,513 per year to cover basic expenses.