What is the cost of living in Greenwood, MS?
According to the most recent data on the cost of living, Greenwood has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Mississippi, Greenwood has a cost of living index that's 1.0x lower than Mississippi's index of 88.
The standard of living in Greenwood ranks as #9 most affordable out of the 67 places we measured in Mississippi. By definition, that implies Greenwood ranks as the #58 most expensive place in the Magnolia State.
For more reading on life in Greenwood, check out:
Greenwood Cost Of Living Vs. Mississippi
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 97.
The Health index in Greenwood is 53.
The Housing index in Greenwood is 99.
The Transportation index in Greenwood is 98.
The Utilities index in Greenwood is 92.
| Living Expense | Greenwood | Mississippi | National Average |
|---|---|---|---|
| Overall | 84 | 88 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 97 | 97 | 100 |
| Health | 53 | 63 | 100 |
| Housing | 99 | 94 | 100 |
| Transportation | 98 | 97 | 100 |
| Utilities | 92 | 93 | 100 |
Greenwood Cost Of Living Compared To Mississippi Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Mississippi, check out:
- Most Expensive Cities In Mississippi
- Most Affordable Cities In Mississippi
- Average Rent In Mississippi
Source: Cost-of-living index 2026, normalized to US average = 100
Greenwood, MS Housing Cost Breakdown
Housing swings affordability the most between places in Mississippi, 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 $87,552.
The Median Rent in Greenwood is $678.
The Median Income in Greenwood is $35,473.
The Home Value To Income in Greenwood is 2.5x.
The Rent To Monthly Income in Greenwood is 0.23x.
| Statistic | Greenwood | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $87,552 | $192,906 | $332,700 |
| Median Rent | $678 | $954 | $1,413 |
| Median Income | $35,473 | $56,447 | $80,734 |
| Home Value To Income | 2.5x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Greenwood, MS Costs By Category
Detailed Greenwood Services costs vs. Mississippi
| Item | Greenwood | Mississippi |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $13.59 | $12.13 |
| Bowling | $20.0 | $18 |
| Haircut | $22.5 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
Detailed Greenwood Groceries costs vs. Mississippi
| Item | Greenwood | Mississippi |
|---|---|---|
| Ground Beef | $6.19 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.64 | $4.67 |
| Potatoes | $5.1 | $4.93 |
| Pizza | $12.66 | $12.09 |
| Beer | $9.66 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Greenwood Health costs vs. Mississippi
| Item | Greenwood | Mississippi |
|---|---|---|
| Optometrist | $106.25 | $125.68 |
| Doctor | $134.71 | $135.78 |
| Dentist | $121.33 | $113.29 |
Detailed Greenwood Transportation costs vs. Mississippi
| Item | Greenwood | Mississippi |
|---|---|---|
| Gasoline | $3.02 | $3.46 |
| Tire Balancing | $38.33 | $59.92 |
Detailed Greenwood Utilities costs vs. Mississippi
| Item | Greenwood | Mississippi |
|---|---|---|
| All Electricity | $141.59 | $193.99 |
| Phone | $187.62 | $192.25 |
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:
Greenville, MS has a cost of living index of 85, 1.0x Greenwood.
Grenada, MS has a cost of living index of 87, 1.0x Greenwood.
Cleveland, MS has a cost of living index of 90, 1.1x Greenwood.
| City | Population | Cost Of Living | Vs. Greenwood |
|---|---|---|---|
| Greenville, MS | 28,166 | 85 | 1.0x |
| Grenada, MS | 12,375 | 87 | 1.0x |
| Cleveland, MS | 10,623 | 90 | 1.1x |
| Indianola, MS | 9,062 | 84 | 1.0x |
| Kosciusko, MS | 6,933 | 82 | 1.0x |
