What is the cost of living in Greenwood, AR?
According to the most recent data on the cost of living, Greenwood has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Greenwood has a cost of living index that's 1.0x higher than Arkansas's index of 85.
The standard of living in Greenwood ranks as #35 most affordable out of the 70 places we measured in Arkansas. By definition, that implies Greenwood ranks as the #35 most expensive place in the Natural State.
For more reading on life in Greenwood, check out:
Greenwood Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Greenwood. Here is how it fares on each of the criteria:
The Services index in Greenwood is 94.
The Groceries index in Greenwood is 98.
The Health index in Greenwood is 78.
The Housing index in Greenwood is 97.
The Transportation index in Greenwood is 88.
The Utilities index in Greenwood is 95.
| Living Expense | Greenwood | Arkansas | National Average |
|---|---|---|---|
| Overall | 89 | 85 | 100 |
| Services | 94 | 95 | 100 |
| Groceries | 98 | 93 | 100 |
| Health | 78 | 68 | 100 |
| Housing | 97 | 96 | 100 |
| Transportation | 88 | 92 | 100 |
| Utilities | 95 | 92 | 100 |
Greenwood Cost Of Living Compared To Arkansas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Arkansas, check out:
Protect your home budget Compare home warranties in Greenwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Greenwood, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Greenwood is $238,464.
The Median Rent in Greenwood is $836.
The Median Income in Greenwood is $66,844.
The Home Value To Income in Greenwood is 3.6x.
The Rent To Monthly Income in Greenwood is 0.15x.
Greenwood, AR Costs By Category
Detailed Greenwood Services costs vs. Arkansas
Detailed Greenwood Groceries costs vs. Arkansas
Detailed Greenwood Health costs vs. Arkansas
Detailed Greenwood Transportation costs vs. Arkansas
Greenwood SnackAbility
Cost Of Living In Cities Around Greenwood
The cost of living varies in the cities and towns around Greenwood. Here's a quick look at the cost of living in the most populous nearby places:
Fort Smith, AR has a cost of living index of 86, 1.0x Greenwood.
Van Buren, AR has a cost of living index of 85, 1.0x Greenwood.
Clarksville, AR has a cost of living index of 84, 0.9x Greenwood.
| City | Population | Cost Of Living | Vs. Greenwood |
|---|---|---|---|
| Fort Smith, AR | 89,805 | 86 | 1.0x |
| Van Buren, AR | 23,763 | 85 | 1.0x |
| Clarksville, AR | 9,526 | 84 | 0.9x |
| Poteau, OK | 8,959 | 84 | 0.9x |
| Sallisaw, OK | 8,605 | 83 | 0.9x |
| Alma, AR | 5,906 | 89 | 1.0x |
| Mena, AR | 5,582 | 83 | 0.9x |
| Barling, AR | 5,007 | 86 | 1.0x |
