Cost of Living in Greenwood, IN
Housing
The housing market plays a significant role in determining the cost of living in Greenwood, IN.
- Housing Index: 90.0 / 100
- Median Home Price is: $287,500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
Considering a move to Greenwood, IN? With a housing index of 90.0, affordability factors into your decision-making. The median home price sits at 287500, providing a solid entry point for homebuyers. For renters, expect to pay an average of 1200 for a 2-bedroom apartment and 1300 for a 2-bedroom house, aligning relatively well with national averages. Keep in mind that the balance of housing availability and economic growth in |Greenwood| can support the overall value of your investment as well.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Greenwood, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Greenwood, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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.