States › Missouri › Greenwood

Is Greenwood, MO expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,00114% higher than U.S. average
💵 Families earn per year (2026)$115,669about $9,639/month · 33% higher than U.S. average
🔑 House price$286,10014% lower than U.S. average

Rent is higher than in 69% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (92.1%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $80,040 a year. That is $38 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

No. Rent here is more expensive than in most of Missouri. It is number 133 of 142 cities from cheapest to most expensive.

Greenwood
$2,001
Pevely
$968
Richmond
$782
Peculiar
$1,410
Cottleville
$1,651
Battlefield
$1,152
Barnhart
$1,731

How much do households earn in Greenwood?

Under $25k
1.3%
$25k–50k
11.8%
$50k–100k
45.2%
$100k–150k
30.0%
$150k+
11.4%

Share of households by yearly income. 41.4% of households earn $100,000 or more.

How expensive is Greenwood overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

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

Taxes and bills in Greenwood

🏛️ Property tax$3,071a year · 1.07% of home value · U.S. $3,119
⚡ Electric bill$162a month (typical) · U.S. $156

Life in Greenwood

Commute to work27 minU.S.: 26.4 min
College degree33.4%U.S.: 35.7%
Own their home92.1%U.S.: 65.2%
Below poverty line3.2%U.S.: 12.5%
Unemployment0.9%U.S.: 5.2%

Is it cheaper to rent or buy in Greenwood?

About the same. Renting and owning cost within $16 of each other each month.

Renting
$2,001
Owning
$1,985

Owning assumes a typical $286,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,610 for the down payment.

Frequently asked questions

What is the average rent in Greenwood, MO?

Renting in Greenwood costs a median of about $2,001 a month in 2026, including utilities. The Missouri median is $1,285.

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

To keep rent under 30% of income, you need about $80,040 a year, or $38 an hour at a full-time job.

Is Greenwood cheap or expensive?

Greenwood is rated OK: rent takes 20.8% of the typical household income of $115,669. It ranks 133rd cheapest of 142 Missouri cities we track.

How much are property taxes in Greenwood?

The median homeowner in Greenwood pays $3,071 a year in property taxes, about 1.07% of the median home value.

Is Greenwood more expensive than the national average?

Overall prices in Missouri are 9% 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 $286,100, about 2.5 times the typical yearly household income.

6,013 people live in Greenwood. Numbers are typical (middle) values.