salaryRent is higher than in 50% of U.S. cities. A typical house costs about 3.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $66,160 a year. That is $32 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 112 of 132 cities from cheapest to most expensive.
How much do households earn in Greenwood?
Share of households by yearly income. 25.6% of households earn $100,000 or more.
Rent by apartment size in Greenwood
| Size | Greenwood | U.S. average |
|---|---|---|
| Studio | $1,016 | $1,338 |
| 1 bedroom | $1,203 | $1,324 |
| 2 bedrooms | $1,413 | $1,509 |
| 3 bedrooms | $1,966 | $1,698 |
| 4 bedrooms | $2,361 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Greenwood overall?
Everyday prices in the Indianapolis-Carmel-Greenwood metro area are 4% below the U.S. average (index 95.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Greenwood
Life in Greenwood
What jobs pay in Greenwood
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $151,050 | 13.1% |
| Physician Assistant | $131,950 | 15.0% |
| Nurse Practitioner | $130,460 | 15.2% |
| Operations Manager | $120,480 | 16.5% |
| Software Developer | $106,870 | 18.6% |
| Computer Systems Analyst | $101,890 | 19.5% |
| Civil Engineer | $101,830 | 19.5% |
| Dental Hygienist | $97,470 | 20.4% |
| Registered Nurse | $84,230 | 23.6% |
| Police Officer | $83,110 | 23.9% |
| Accountant | $79,290 | 25.0% |
| Plumber | $76,980 | 25.8% |
| Firefighter | $68,480 | 29.0% |
| Licensed Practical Nurse | $67,200 | 29.5% |
| Market Research Analyst | $65,200 | 30.4% |
| Electrician | $65,130 | 30.5% |
| Carpenter | $65,070 | 30.5% |
| HVAC Technician | $62,160 | 31.9% |
| Truck Driver | $61,980 | 32.0% |
| Elementary School Teacher | $60,510 | 32.8% |
| Medical Assistant | $46,900 | 42.3% |
| Warehouse Worker | $44,180 | 44.9% |
| Customer Service Representative | $43,460 | 45.7% |
| Nursing Assistant | $38,880 | 51.0% |
| Restaurant Cook | $36,610 | 54.2% |
| Retail Salesperson | $31,530 | 62.9% |
| Cashier | $29,890 | 66.4% |
| Server (Waiter/Waitress) | $29,050 | 68.3% |
Is it cheaper to rent or buy in Greenwood?
Renting is cheaper right now: about $262 a month less.
Owning assumes a typical $276,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,610 for the down payment.
Frequently asked questions
What is the average rent in Greenwood, IN?
Renting in Greenwood costs a median of about $1,654 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Greenwood?
To keep rent under 30% of income, you need about $66,160 a year, or $32 an hour at a full-time job.
Is Greenwood cheap or expensive?
Greenwood is rated OK: rent takes 22.0% of the typical household income of $90,171. It ranks 112th cheapest of 132 Indiana cities we track.
How much are property taxes in Greenwood?
The median homeowner in Greenwood pays $1,932 a year in property taxes, about 0.70% of the median home value.
Is Greenwood more expensive than the national average?
Overall prices in the metro area are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Greenwood?
The median home value in Greenwood is $276,100, about 3.1 times the typical yearly household income.
66,029 people live in Greenwood. Numbers are typical (middle) values.