Greenwood, SC Cost Of Living
Cost Of Living In Greenwood, SC 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 South Carolina, 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 85, with 100 being the average.
The cost of living index in Greenwood is 0.8x lower than the national average.
Greenwood ranks as the #5 cheapest in South Carolina out of 99.
Greenwood ranks as the #511 cheapest out of 6,489 in the US.
The median home value in Greenwood is $183,222.
The median income in Greenwood is $40,253.
Table Of Contents
Greenwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Greenwood, SC?
According to the most recent data on the cost of living, Greenwood has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to South Carolina, Greenwood has a cost of living index that's 0.9x lower than South Carolina's index of 93.
The standard of living in Greenwood ranks as #5 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Greenwood ranks as the #94 most expensive place in the Palmetto State.
For more reading on life in Greenwood, check out:
In South Carolina
In America
Greenwood Cost Of Living Vs. South Carolina
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 104.
The Groceries index in Greenwood is 98.
The Health index in Greenwood is 98.
The Housing index in Greenwood is 58.
The Transportation index in Greenwood is 91.
The Utilities index in Greenwood is 92.
| Living Expense | Greenwood | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 85 | 93 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 98 | 92 | 100 | |
| Housing | 58 | 81 | 100 | |
| Transportation | 91 | 92 | 100 | |
| Utilities | 92 | 109 | 100 | |
Greenwood, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Greenwood is $183,222.
The Median Rent in Greenwood is $826.
The Median Income in Greenwood is $40,253.
The Home Value To Income in Greenwood is 4.6x.
The Rent To Monthly Income in Greenwood is 0.25x.
| Statistic | Greenwood | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $183,222 | $302,294 | $303,400 |
| Median Rent | $826 | $1,126 | $1,348 |
| Median Income | $40,253 | $66,818 | $78,538 |
| Home Value To Income | 4.6x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Greenwood, SC Costs By Category
Detailed Greenwood Services Costs Vs. South Carolina
| Item | Greenwood | South Carolina |
|---|---|---|
| Shampoo | $1.37 | $1.28 |
| Movie | $14.47 | $12.13 |
| Bowling | $18.39 | $18 |
| Haircut | $25.74 | $24.26 |
| Beauty Salon | $51.07 | $45.56 |
Detailed Greenwood Groceries Costs Vs. South Carolina
| Item | Greenwood | South Carolina |
|---|---|---|
| Ground Beef | $6.24 | $5.84 |
| Fried Chicken | $1.5 | $1.57 |
| Milk | $4.56 | $4.67 |
| Potatoes | $5.31 | $4.93 |
| Pizza | $11.78 | $12.09 |
| Beer | $10.45 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Greenwood Health Costs Vs. South Carolina
| Item | Greenwood | South Carolina |
|---|---|---|
| Optometrist | $120.21 | $125.68 |
| Doctor | $123.75 | $135.78 |
| Dentist | $114.8 | $113.29 |
Detailed Greenwood Transportation Costs Vs. South Carolina
| Item | Greenwood | South Carolina |
|---|---|---|
| Gasoline | $3.07 | $3.46 |
| Tire Balancing | $56.5 | $59.92 |
Detailed Greenwood Utilities Costs Vs. South Carolina
| Item | Greenwood | South Carolina |
|---|---|---|
| All Electricity | $170.53 | $193.99 |
| Phone | $189.75 | $192.25 |
Greenwood SnackAbility
/10
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, SC has a cost of living index of 116, 1.4x Greenwood.
Evans, GA has a cost of living index of 109, 1.3x Greenwood.
Martinez, GA has a cost of living index of 93, 1.1x Greenwood.
| City | Population | Cost Of Living | Vs. Greenwood |
|---|---|---|---|
| Greenville, SC | 71,755 | 116 | 1.4x |
| Evans, GA | 37,718 | 109 | 1.3x |
| Martinez, GA | 33,019 | 93 | 1.1x |
| Mauldin, SC | 25,985 | 100 | 1.2x |
| Simpsonville, SC | 25,125 | 99 | 1.2x |
| Easley, SC | 23,942 | 95 | 1.1x |
| Wade Hampton, SC | 20,703 | 101 | 1.2x |
| Five Forks, SC | 19,093 | 125 | 1.5x |
| Powdersville, SC | 11,321 | 103 | 1.2x |
| Centerville, SC | 6,860 | 92 | 1.1x |
