Cost of Living in Redwood, NY
Housing
The housing market plays a significant role in determining the cost of living in Redwood, NY.
- Housing Index: Data is updating
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data evaluated for Redwood, NY, the housing index is an unusually low 0.0, signaling a potentially challenging real estate landscape. The median home price stands at 200000, which is relatively affordable but could reflect greater economic issues or low demand. The absence of rent values indicates a lack of rental options, making homeownership the primary path to stability. Overall, this market appears to favor buyers, but prospective residents should investigate local economic conditions that may affect livability and growth.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Redwood, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Redwood, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Redwood is a financially viable option for your relocation.