Cost of Living in Redwood, NY

With a cost of living index of 86, Redwood, NY is a very affordable place to live. Living here is 14% cheaper than the national average and 25% below the New York state average of 111. Redwood is a small community of 342 residents.

The median household income in Redwood is $124,125, which is 65% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Redwood. The area sees an average annual temperature of 45.3°F, with summers averaging 67°F and winters around 23°F. Annual rainfall totals 37.1 inches spread over roughly 158 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Watertown-Fort Drum, NY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.