Cost of Living in Greenwood, LA
Housing
The housing market plays a significant role in determining the cost of living in Greenwood, LA.
- Housing Index: 85.0 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Greenwood, LA? The housing index is an impressive 85.0, reflecting a favorable market for potential homeowners. With a median home price of 150000, buying property here could be a financially sound decision. Renting may also be an option, with an average rent of 1200 for a 2-bedroom apartment and 1360 for a 2-bedroom house—indicating reasonable monthly costs. Remember, the overall cost of living is also essential in your assessment; research local amenities and employment opportunities to ensure a well-rounded decision about your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Greenwood, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Greenwood, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Greenwood is a financially viable option for your relocation.