Cost of Living in Redwood City, CA
Population: 82,423 • 2026 Data
$150,840
Median Household Income
+95% vs national
$2,959
Median Monthly Rent
+120% vs national
$1,838,800
Median Home Value
+442% vs national
3.7%
Unemployment Rate
Housing in Redwood City
The median home value in Redwood City, CA is $1,838,800. Monthly rent for a typical unit averages $2,959, while total monthly housing costs (including utilities and insurance) average $3,144.
Rent-to-income ratio: 23.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Redwood City, CA is $150,840. The unemployment rate stands at 3.7%, with a labor force of 45,594 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.