Redwood, TX Cost Of Living

Redwood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Redwood	Texas	National
Cost of living index	79	91	100
Index	Redwood	Texas	National
Goods & Services index	89	93	100
Groceries index	87	91	100
Health care index	121	96	100
Housing index	47	83	100
Transportation index	100	94	100
Utilities index	96	100	100

Did you know?

The cost of living in Redwood is 13% lower than the Texas average.
The cost of living in Redwood is 21% lower than the national average.
The cost of housing in Redwood is 53% lower than the national average.
Texas general sales tax is 23% higher than the national average.
Texas state income tax is 100% lower than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$49,559	$4,130	$1,156	$1,487
Renters	$46,642	$3,887	$1,088	$1,399

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Goods & Services

Item	Redwood	National avg.	Difference
Haircut	$17.52	$16.09	8.9%
Beauty Salon	$45.82	$37.33	22.7%
Toothpaste	$2.25	$2.45	8.1%
Shampoo	$0.78	$1.00	22.0%
Movie	$9.00	$10.28	12.5%
Bowling	$3.88	$4.93	21.3%

Groceries

Item	Redwood	National avg.	Difference
Ground Beef	$3.19	$3.80	16.2%
Fried Chicken	$1.12	$1.40	19.8%
Milk	$1.61	$2.01	19.8%
Potatoes	$2.07	$3.01	31.4%
Pizza	$9.90	$9.89	0.1%
Beer	$8.68	$8.90	2.4%

Health Care

Item	Redwood	National avg.	Difference
Optometrist	$98.91	$102.16	3.2%
Doctor	$90.35	$108.36	16.6%
Dentist	$161.94	$92.53	75.0%
Ibuprofen	$7.97	$9.28	14.1%
Lipitor	$420.66	$425.82	1.2%

Housing

Item	Redwood	National avg.	Difference
Home Price	$59,200.00	$184,700.00	67.9%
Avg. Mortgage Payment	$1,028.20	$1,202.44	14.5%
Apartment Rent	$767.00	$949.00	19.2%

Transportation

Item	Redwood	National avg.	Difference
Gasoline	$2.10	$2.24	6.3%
Tire Balancing	$52.13	$46.29	12.6%

Utilities

Item	Redwood	National avg.	Difference
All Electricity	$157.93	$165.96	4.8%
Phone	$28.32	$28.68	1.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Geronimo, TX	1,124	80	-20%
Uhland, TX	1,352	83	-17%
McQueeney, TX	2,514	85	-15%
Lockhart, TX	13,222	87	-13%
Kingsbury, TX	710	87	-13%
Redwood, TX	4,009	79	-21%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Smithville, TX	4,008	89	-11%
Madison, GA	4,010	100	0%
Spencer, OK	4,007	77	-23%
Rosewood Heights, IL	4,011	88	-12%
Cedarville, OH	4,011	90	-10%
Redwood, TX	4,009	79	-21%

Source: The Redwood, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Redwood, TX Cost of Living