Cost of Living in Greenwood, IN
Population: 64,237 • 2026 Data
$78,765
Median Household Income
+2% vs national
$1,252
Median Monthly Rent
-7% vs national
$248,700
Median Home Value
-27% vs national
2.5%
Unemployment Rate
Housing in Greenwood
The median home value in Greenwood, IN is $248,700. Monthly rent for a typical unit averages $1,252, while total monthly housing costs (including utilities and insurance) average $1,198.
Rent-to-income ratio: 19.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Greenwood, IN is $78,765. The unemployment rate stands at 2.5%, with a labor force of 33,931 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.