Greenwood, MS, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Greenwood is 85, which is 15% less than the national average of 100. This reduction is primarily due to the housing index, which stands at 75, significantly lower than the average.
In addition to housing, utilities and miscellaneous costs are also below the national average, contributing to Greenwood's affordability. Groceries, transportation, and healthcare costs are slightly lower or comparable to the national average, making Greenwood an attractive option for those seeking a more budget-friendly lifestyle.
The cost of living in Greenwood, MS, presents a favorable comparison to the nationwide average, which is set at 100. Housing, a significant expense, stands at a cost of living index of 75 in Greenwood. This means that housing costs 25% less than the national average. For job seekers, this presents a notable advantage, as they can expect to spend less on housing while maintaining a similar standard of living.
Other essential expenses also show Greenwood's affordability. Groceries, with an index of 95, are only 5% more expensive than the national average. Utilities, at 90, are 10% cheaper. Transportation costs, indexed at 85, are 15% lower. Healthcare, at 85, and miscellaneous expenses, at 80, also reflect lower costs compared to the national average. These figures indicate that Greenwood offers a cost-effective environment for living and working, making it an attractive option for many.
