Greenwood, AR, offers a cost of living that is slightly lower than the nationwide average. The overall cost of living index for Greenwood is 93, which is 7% below the national average of 100. This makes Greenwood an attractive option for those looking to reduce their living expenses while maintaining a quality lifestyle.
Specifically, Greenwood's housing costs are 12% below the national average, groceries are 6% below, utilities are 5% below, transportation is 10% below, healthcare is 3% above, and miscellaneous costs are 8% below. This balanced distribution across categories provides a comprehensive view of the cost savings available in Greenwood.
Greenwood, AR, presents a cost of living that is slightly below the nationwide average. The housing index in Greenwood stands at 88, which is 12% lower than the national average of 100. This suggests that housing costs in Greenwood are more affordable compared to the rest of the country. Additionally, the groceries index is 94, indicating a 6% savings for residents when compared to the national average.
Transportation costs in Greenwood are also slightly lower, with an index of 90, which is 10% below the national average. This means that residents can expect to spend less on their daily commute and vehicle expenses. Utilities in Greenwood have an index of 95, which is 5% below the national average. This small difference shows that utility costs are nearly on par with the rest of the country. Healthcare costs in Greenwood are slightly higher, with an index of 97, which is 3% above the national average. However, miscellaneous costs, with an index of 92, are 8% below the national average. Overall, Greenwood offers a cost of living that is generally favorable for those looking to manage their expenses effectively.
