Greenwood, AR, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Greenwood stands at 89, which is 11% lower than the national average of 100. This makes Greenwood a more affordable option for housing, utilities, and miscellaneous expenses, while groceries, transportation, and healthcare remain close to the national average.
Greenwood, AR, offers a cost of living that is notably lower than the nationwide average. The housing index in Greenwood stands at 85, which is 15% less than the national average of 100. This suggests that housing costs in Greenwood are more affordable, making it an attractive option for those looking to save on their living expenses.
In addition to housing, other areas such as groceries, utilities, and transportation also reflect lower costs in Greenwood. The grocery index is 95, which is 5% below the average. Utilities cost 90, a 10% reduction, and transportation costs 88, which is 12% lower than the national average. These savings can add up, making Greenwood a more budget-friendly place to live. Healthcare costs are slightly below the average at 92, which is an 8% decrease, and miscellaneous expenses are at 87, a 13% reduction. Overall, Greenwood offers a cost of living that is beneficial for professional job seekers looking to balance affordability with quality of life.