States › Mississippi › Greenwood

Is Greenwood, MS expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$71859% lower than U.S. average
💵 Families earn per year (2026)$38,258about $3,188/month · 56% lower than U.S. average
🔑 House price$108,90067% lower than U.S. average

Rent here is among the lowest 10% of all 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 $28,720 a year. That is $14 an hour at a full-time job.

Is rent cheaper than other Mississippi cities?

Yes. Rent here is cheaper than in most of Mississippi. It is number 5 of 66 cities from cheapest to most expensive.

Greenwood
$718
Natchez
$789
Clarksdale
$1,001
Corinth
$604
D'Iberville
$1,569
Byram
$1,413
Grenada
$844

How much do households earn in Greenwood?

Under $25k
36.2%
$25k–50k
21.4%
$50k–100k
21.3%
$100k–150k
4.8%
$150k+
9.2%

Share of households by yearly income. 14.0% of households earn $100,000 or more.

Rent by apartment size in Greenwood

SizeGreenwoodU.S. average
1 bedroom$517$1,324
2 bedrooms$684$1,509
3 bedrooms$911$1,698
4 bedrooms$1,176$2,098

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

How expensive is Greenwood overall?

Everyday prices in Mississippi overall are 13% below the U.S. average (index 87.0, U.S. = 100).

Housing
56
Goods (food, clothes…)
96
Utilities
78
Other services
96
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 Mississippi figure is shown.

Taxes and bills in Greenwood

🏛️ Property tax$1,447a year · 1.33% of home value · U.S. $3,119
⚡ Electric bill$201a month (typical) · U.S. $156

Life in Greenwood

Commute to work21.9 minU.S.: 26.4 min
College degree24.5%U.S.: 35.7%
Own their home52.6%U.S.: 65.2%
Below poverty line28.4%U.S.: 12.5%
Unemployment7.8%U.S.: 5.2%

Is it cheaper to rent or buy in Greenwood?

About the same. Renting and owning cost within $38 of each other each month.

Renting
$718
Owning
$756

Owning assumes a typical $108,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,890 for the down payment.

Frequently asked questions

What is the average rent in Greenwood, MS?

Renting in Greenwood costs a median of about $718 a month in 2026, including utilities. The Mississippi median is $1,187.

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

To keep rent under 30% of income, you need about $28,720 a year, or $14 an hour at a full-time job.

Is Greenwood cheap or expensive?

Greenwood is rated OK: rent takes 22.5% of the typical household income of $38,258. It ranks 5th cheapest of 66 Mississippi cities we track.

How much are property taxes in Greenwood?

The median homeowner in Greenwood pays $1,447 a year in property taxes, about 1.33% of the median home value.

Is Greenwood more expensive than the national average?

Overall prices in Mississippi are 13% 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 $108,900, about 2.8 times the typical yearly household income.

14,086 people live in Greenwood. Numbers are typical (middle) values.