Cost of Living in Redwood, TX
Population 3,586 · Texas · Data vintage 2023
(100 = US avg)
Buyers in Redwood can reasonably expect a home to cost less than three years of household income — $155,000 against $82,411 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Geographically, Redwood is about 35 miles south of Austin, the nearest large metro. Median home values run roughly 70% lower than Austin's $513,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Redwood
The median home value in Redwood is $154,900 — 49% below the national median of $305,000. Median rent runs $1,042/month, 21% lower than the national median of $1,314/month. The median household income of $82,411/year is 11% higher than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 81.5°F and lows of 57.7°F. Overall, Redwood has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.
Redwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 64 | 68 | 75 | 82 | 88 | 93 | 96 | 98 | 92 | 84 | 73 | 65 |
| Low °F | 40 | 44 | 51 | 58 | 66 | 71 | 73 | 73 | 68 | 59 | 49 | 42 |
| Precip" | 2.14 | 1.72 | 2.49 | 2.00 | 3.63 | 3.44 | 2.21 | 2.01 | 3.45 | 3.30 | 2.46 | 2.42 |
Frequently Asked Questions
What is the cost of living in Redwood, TX?
Redwood has a cost index of 62 (100 = national average). It is 38% below the national average.
What is average rent in Redwood, TX?
The median gross rent in Redwood is $1,042 per month based on 2023 Census data.
What is the average home price in Redwood?
The median home value in Redwood is $154,900 according to 2023 Census ACS data.
What is the median income in Redwood?
The median household income in Redwood is $82,411 per year (2023 ACS 5-year estimates).
What is the sales tax in Redwood, TX?
The combined state and local sales tax rate in Redwood is 8.2%. Texas has no state income tax.
Is Redwood, TX affordable?
Yes, Redwood is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.
What is the weather like in Redwood?
Redwood has average high temperatures of 81.5°F and average lows of 57.7°F. Annual precipitation is 31.3". Data from NOAA 1991–2020 Climate Normals.
Redwood at a Glance
- Population
- 3,586
- Median Income
- $82,411
- Home Value
- $154,900
- Median Rent
- $1,042/mo
- Unemployment
- 5.5%
- Avg High Temp
- 81.5°F
- Sales Tax
- 8.2%
Nearby Cities
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Texas Rankings
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