Cost of Living in Greenwood, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.9
100 = national avg
+19.9 vs national average
Living Wage (1 Adult)
$52,746
per year
Living Wage (Family of 4)
$124,672
per year
Cost Index by Category
Housing129.2
Food110.2
Transportation120.4
Healthcare108.2
Utilities112.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Greenwood is 119.9, which is 19.9% above the national average. Housing costs are above the national average at an index of 129.2. A single adult needs to earn approximately $52,746 per year to cover basic expenses.