Cost of Living in Redwood, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.6
100 = national avg
+11.6 vs national average
Living Wage (1 Adult)
$49,117
per year
Living Wage (Family of 4)
$116,095
per year
Cost Index by Category
Housing100.2
Food113.0
Transportation126.0
Healthcare110.4
Utilities107.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,177
per month
2 Bedroom
$1,426
per month
The overall cost of living index in Redwood is 111.6, which is 11.6% above the national average. Housing costs are above the national average at an index of 100.2. A single adult needs to earn approximately $49,117 per year to cover basic expenses.