Cost of Living in Greenwood, IN
Population 66,029 · Census ACS 2020–2024 5-year estimates
The median rent in Greenwood, IN is $1,312/month, 24% higher than the Indiana median and 7% lower than the U.S. median. The median home value is $276,100, 17% lower than the national median. Households earn a median of $83,608 a year, 16% higher than the state median.
Affordability
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Greenwood vs. Indiana vs. U.S.
| Greenwood | Indiana | U.S. | |
|---|---|---|---|
| Median rent | $1,312 | $1,062 | $1,413 |
| Median home value | $276,100 | $218,200 | $332,700 |
| Median household income | $83,608 | $71,957 | $80,734 |
| Homeownership rate | 59.3% | 70.6% | 65.2% |
| Bachelor's degree or higher | 33.4% | 29.5% | 35.7% |
| Poverty rate | 7.4% | 12.3% | 12.5% |
| Unemployment rate | 2.6% | 4.3% | 5.2% |
| Work from home | 12.0% | 10.7% | 15.1% |
| Median age | 36.4 | 38.1 | 38.9 |
FAQ
What is the average rent in Greenwood, IN?
The median gross rent in Greenwood, IN is $1,312 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Greenwood, IN?
Using the common 30% rule, renting a median-priced home takes about $52,480 a year in gross income.
Is Greenwood, IN expensive to live in?
Rent there is 7% lower than the U.S. median, and the median home costs about 3.3 times the median household income.
Other cities in Indiana
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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