States › Indiana › Greenfield

Is Greenfield, IN expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,38021% lower than U.S. average
💵 Families earn per year (2026)$82,103about $6,842/month · 6% lower than U.S. average
🔑 House price$216,40035% lower than U.S. average

Rent is lower than in 64% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $55,200 a year. That is $27 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

No. Rent here is more expensive than in most of Indiana. It is number 85 of 132 cities from cheapest to most expensive.

Greenfield
$1,380
East Chicago
$932
Franklin
$1,485
Munster
$1,667
Highland
$1,862
Avon
$1,674
Marion
$1,014

How much do households earn in Greenfield?

Under $25k
8.8%
$25k–50k
25.2%
$50k–100k
39.2%
$100k–150k
17.3%
$150k+
6.7%

Share of households by yearly income. 24.0% of households earn $100,000 or more.

Rent by apartment size in Greenfield

SizeGreenfieldU.S. average
1 bedroom$1,020$1,324
2 bedrooms$1,330$1,509
3 bedrooms$1,541$1,698
4 bedrooms$2,395$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Greenfield overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Greenfield, so the Indiana figure is shown.

Taxes and bills in Greenfield

🏛️ Property tax$1,415a year · 0.65% of home value · U.S. $3,119
⚡ Electric bill$149a month (typical) · U.S. $156

Life in Greenfield

Commute to work25.7 minU.S.: 26.4 min
College degree26.2%U.S.: 35.7%
Own their home64.9%U.S.: 65.2%
Below poverty line5.3%U.S.: 12.5%
Unemployment3.3%U.S.: 5.2%

Is it cheaper to rent or buy in Greenfield?

Renting is cheaper right now: about $122 a month less.

Renting
$1,380
Owning
$1,502

Owning assumes a typical $216,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,640 for the down payment.

Frequently asked questions

What is the average rent in Greenfield, IN?

Renting in Greenfield costs a median of about $1,380 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Greenfield?

To keep rent under 30% of income, you need about $55,200 a year, or $27 an hour at a full-time job.

Is Greenfield cheap or expensive?

Greenfield is rated OK: rent takes 20.2% of the typical household income of $82,103. It ranks 85th cheapest of 132 Indiana cities we track.

How much are property taxes in Greenfield?

The median homeowner in Greenfield pays $1,415 a year in property taxes, about 0.65% of the median home value.

Is Greenfield more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Greenfield?

The median home value in Greenfield is $216,400, about 2.6 times the typical yearly household income.

24,940 people live in Greenfield. Numbers are typical (middle) values.