Greenwood, MO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Greenwood, MO Summary

Cost of living in Greenwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Greenwood is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Greenwood is 94, with 100 being the average.

  • The cost of living index in Greenwood is 0.9x lower than the national average.

  • Greenwood ranks as the #100 cheapest in Missouri out of 143.

  • Greenwood ranks as the #2,290 cheapest out of 6,412 in the US.

  • The median home value in Greenwood is $214,000.

  • The median income in Greenwood is $94,069.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
94
Greenwood's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Greenwood, MO?

According to the most recent data on the cost of living, Greenwood has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.

Compared to Missouri, Greenwood has a cost of living index that's 1.1x higher than Missouri's index of 89.

The standard of living in Greenwood ranks as #100 most affordable out of the 143 places we measured in Missouri. By definition, that implies Greenwood ranks as the #43 most expensive place in the Show Me State.

For more reading on life in Greenwood, check out:

100 out of 143
In Missouri
2,290 out of 6,412
In America

Greenwood Cost Of Living Vs. Missouri

Six factors go into calculating the cost of living index in Greenwood. Here is how it fairs on each of the criteria:

  • The Services index in Greenwood is 99.

  • The Groceries index in Greenwood is 93.

  • The Health index in Greenwood is 102.

  • The Housing index in Greenwood is 94.

  • The Transportation index in Greenwood is 92.

  • The Utilities index in Greenwood is 96.

Living Expense Greenwood Missouri National Average
Overall 94 89 100
Services 99 92 100
Groceries 93 96 100
Health 102 88 100
Housing 94 79 100
Transportation 92 95 100
Utilities 96 95 100
For more reading on cost of living around Missouri, check out:
Greenwood Cost of Living Vs. MO

Greenwood, MO Housing Cost Breakdown

Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Greenwood is $214,000.

  • The Median Rent in Greenwood is $1,687.

  • The Median Income in Greenwood is $94,069.

  • The Home Value To Income in Greenwood is 2.3x.

  • The Rent To Monthly Income in Greenwood is 0.22x.

Statistic Greenwood Missouri United States
Median Home Value $214,000 $171,800 $244,900
Median Rent $1,687 $886 $1,163
Median Income $94,069 $61,043 $69,021
Home Value To Income 2.3x 2.8x 3.5x
Rent To Monthly Income 0.22x 0.17x 0.2x
Search Homes For Sale In Greenwood, MO
$214,000
Median Home Value
$1,687
Median Rent
$94,069
Median Income

Greenwood, MO Costs By Category

Detailed Greenwood Services Costs Vs. Missouri

Item Greenwood Missouri
Shampoo $1.02 $1.06
Movie $11.07 $10.68
Bowling $17.13 $14.67
Haircut $18.77 $18.62
Beauty Salon $38.27 $39.05

Detailed Greenwood Groceries Costs Vs. Missouri

Item Greenwood Missouri
Ground Beef $4.09 $4.22
Fried Chicken $1.92 $1.39
Milk $1.87 $2.05
Potatoes $2.8 $3.29
Pizza $10.16 $10.62
Beer $8.78 $9.38
Toothpaste $1.84 $2.34

Detailed Greenwood Health Costs Vs. Missouri

Item Greenwood Missouri
Optometrist $106.75 $108.57
Doctor $108.18 $116.17
Dentist $107.03 $99.13

Detailed Greenwood Transportation Costs Vs. Missouri

Item Greenwood Missouri
Gasoline $2.02 $2.22
Tire Balancing $47.94 $50.07

Detailed Greenwood Utilities Costs Vs. Missouri

Item Greenwood Missouri
All Electricity $157.13 $167.67
Phone $189.7 $175.64

Greenwood SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
6
Safety
8.5
Amenities
8
Education
8.5
Commute
6

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:

  • Overland Park, KS has a cost of living index of 106, 1.1x Greenwood.

  • Lee's Summit, MO has a cost of living index of 101, 1.1x Greenwood.

  • Blue Springs, MO has a cost of living index of 96, 1.0x Greenwood.

City Population Cost Of Living Vs. Greenwood
Overland Park, KS 195,249 106 1.1x
Lee's Summit, MO 100,772 101 1.1x
Blue Springs, MO 58,265 96 1.0x
Leawood, KS 33,748 126 1.3x
Grandview, MO 25,931 87 0.9x
Belton, MO 23,832 90 1.0x
Raymore, MO 22,722 101 1.1x
Grain Valley, MO 15,435 93 1.0x
Harrisonville, MO 10,070 90 1.0x
Pleasant Hill, MO 8,673 97 1.0x

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