Cost of Living in Redwood, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
138.9
100 = national avg
+38.9 vs national average
Living Wage (1 Adult)
$61,132
per year
Living Wage (Family of 4)
$144,494
per year
Cost Index by Category
Housing97.3
Food144.9
Transportation189.7
Healthcare135.9
Utilities126.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,071
per month
2 Bedroom
$1,405
per month
The overall cost of living index in Redwood is 138.9, which is 38.9% above the national average. Housing costs are below the national average at an index of 97.3. A single adult needs to earn approximately $61,132 per year to cover basic expenses.