Greenwood, IN Cost Of Living

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Updated: 2020-03-08
Greenwood's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Greenwood is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Greenwood, IN?

According to the most recent data on the cost of living, Greenwood has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.

Compared to only Indiana, Greenwood has a cost of living index that's 1.0x higher than Indiana's index of 89.

The standard of living in Greenwood ranks as #2060 most affordable out of the 6522 places we measured in Indiana. By definition, that implies Greenwood ranks as the #4346 most expensive place in the Hoosier State.

Greenwood Cost Of Living Vs. Indiana

Living Expense Greenwood Indiana National Average
Overall 92 89 100
Services 97 97 100
Groceries 93 92 100
Health 90 94 100
Housing 80 72 100
Transportation 99 100 100
Utilities 105 99 100
For more reading on cost of living around Indiana, check out:
Greenwood Cost of Living Vs. IN

Greenwood, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Greenwood Indiana United States
Median Home Value $149,600 $135,400 $204,900
Median Rent $937 $807 $1,023
Median Income $62,025 $54,325 $60,293
Home Value To Income 2.4x 2.5x 3.4x
Rent To Monthly Income 0.18x 0.18x 0.2x

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Cost Of Living In Cities Around Greenwood

City Population Cost Of Living Vs. Greenwood
Indianapolis, IN 857,637 90 1.0x
Lawrence, IN 48,405 90 1.0x
Franklin, IN 24,813 89 1.0x
Avon, IN 17,169 98 1.1x
Beech Grove, IN 14,912 86 0.9x
Mooresville, IN 9,604 89 1.0x
Bargersville, IN 6,950 95 1.0x
New Whiteland, IN 5,955 91 1.0x
Cumberland, IN 5,792 93 1.0x

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