Cost of Living in Greenwood, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
280.7
100 = national avg
+180.7 vs national average
Living Wage (1 Adult)
$123,494
per year
Living Wage (Family of 4)
$291,894
per year
Cost Index by Category
Housing346.3
Food200.0
Transportation304.3
Healthcare181.7
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Greenwood is 280.7, which is 180.7% above the national average. Housing costs are above the national average at an index of 346.3. A single adult needs to earn approximately $123,494 per year to cover basic expenses.