Cost of Living in Greenwood, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
185.4
100 = national avg
+85.4 vs national average
Living Wage (1 Adult)
$81,594
per year
Living Wage (Family of 4)
$192,858
per year
Cost Index by Category
Housing196.1
Food156.1
Transportation212.1
Healthcare144.8
Utilities152.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Greenwood is 185.4, which is 85.4% above the national average. Housing costs are above the national average at an index of 196.1. A single adult needs to earn approximately $81,594 per year to cover basic expenses.