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 96, which is 1.0x lower than the national index of 100.
Compared to Indiana, Greenwood has a cost of living index that's 1.1x higher than Indiana's index of 90.
The standard of living in Greenwood ranks as #99 most affordable out of the 129 places we measured in Indiana. By definition, that implies Greenwood ranks as the #30 most expensive place in the Hoosier State.
For more reading on life in Greenwood, check out:
Greenwood Cost Of Living Vs. Indiana
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 98.
The Groceries index in Greenwood is 99.
The Health index in Greenwood is 101.
The Housing index in Greenwood is 96.
The Transportation index in Greenwood is 97.
The Utilities index in Greenwood is 99.
| Living Expense | Greenwood | Indiana | National Average |
|---|---|---|---|
| Overall | 96 | 90 | 100 |
| Services | 98 | 97 | 100 |
| Groceries | 99 | 95 | 100 |
| Health | 101 | 72 | 100 |
| Housing | 96 | 98 | 100 |
| Transportation | 97 | 94 | 100 |
| Utilities | 99 | 96 | 100 |
Greenwood Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, 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, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, 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 $326,491.
The Median Rent in Greenwood is $1,312.
The Median Income in Greenwood is $83,608.
The Home Value To Income in Greenwood is 3.9x.
The Rent To Monthly Income in Greenwood is 0.19x.
Greenwood, IN Costs By Category
Detailed Greenwood Services costs vs. Indiana
Detailed Greenwood Groceries costs vs. Indiana
Detailed Greenwood Health costs vs. Indiana
Detailed Greenwood Transportation costs vs. Indiana
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:
Indianapolis, IN has a cost of living index of 94, 1.0x Greenwood.
Lawrence, IN has a cost of living index of 95, 1.0x Greenwood.
Franklin, IN has a cost of living index of 96, 1.0x Greenwood.
| City | Population | Cost Of Living | Vs. Greenwood |
|---|---|---|---|
| Indianapolis, IN | 885,860 | 94 | 1.0x |
| Lawrence, IN | 49,517 | 95 | 1.0x |
| Franklin, IN | 26,168 | 96 | 1.0x |
| Avon, IN | 23,437 | 103 | 1.1x |
| Beech Grove, IN | 14,913 | 86 | 0.9x |
| Bargersville, IN | 10,752 | 107 | 1.1x |
| Mooresville, IN | 9,751 | 93 | 1.0x |
| Cumberland, IN | 6,267 | 97 | 1.0x |
| New Whiteland, IN | 5,704 | 89 | 0.9x |
| Whiteland, IN | 5,173 | 94 | 1.0x |
