Greenwood, MS, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Greenwood is 89, which is 11% below the national average of 100. This makes Greenwood an attractive option for those seeking a more affordable lifestyle without significant sacrifices in quality of life.
Specifically, housing costs in Greenwood are 15% lower than the national average, while groceries and utilities are slightly below average at 5% and 10%, respectively. Transportation and healthcare costs are also marginally lower, at 8% and 12%, respectively. This balanced reduction across various categories makes Greenwood a cost-effective choice for many.
The cost of living in Greenwood, MS, presents a favorable picture for job seekers when compared to the nationwide average. The housing index in Greenwood stands at 85, which is 15% lower than the national average. This means that housing costs in Greenwood are more affordable, offering potential savings for those relocating or considering a move.
Additionally, the grocery index in Greenwood is 95, which is 5% lower than the national average. This indicates that groceries in Greenwood are slightly cheaper, providing another area where residents can save money. Utilities in Greenwood are priced at 90, which is 10% below the national average. This suggests that utility costs are also more manageable. Transportation costs in Greenwood, with an index of 92, are 8% lower than the national average, offering savings on commuting expenses. Healthcare costs, at 88, are 12% below the average, making medical expenses more affordable. Lastly, miscellaneous costs in Greenwood, with an index of 87, are 13% lower than the national average, indicating overall savings in various other expenses.
