Greenfield, IN Cost Of Living
Cost Of Living In Greenfield, IN Summary
Cost of living in Greenfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Greenfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Greenfield is 88, with 100 being the average.
The cost of living index in Greenfield is 0.9x lower than the national average.
Greenfield ranks as the #62 cheapest in Indiana out of 124.
Greenfield ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Greenfield is $157,300.
The median income in Greenfield is $63,952.
Table Of Contents
Greenfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Greenfield, IN?
According to the most recent data on the cost of living, Greenfield has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Indiana, Greenfield has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Greenfield ranks as #62 most affordable out of the 124 places we measured in Indiana. By definition, that implies Greenfield ranks as the #62 most expensive place in the Hoosier State.
For more reading on life in Greenfield, check out:
- Living In Greenfield
- Greenfield Crime Report
- Search Homes For Sale In Greenfield, IN
In Indiana
In America
Greenfield Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Greenfield. Here is how it fairs on each of the criteria:
The Services index in Greenfield is 97.
The Groceries index in Greenfield is 93.
The Health index in Greenfield is 88.
The Housing index in Greenfield is 74.
The Transportation index in Greenfield is 92.
The Utilities index in Greenfield is 102.
| Living Expense | Greenfield | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 88 | 91 | 100 | |
| Services | 97 | 94 | 100 | |
| Groceries | 93 | 96 | 100 | |
| Health | 88 | 101 | 100 | |
| Housing | 74 | 77 | 100 | |
| Transportation | 92 | 95 | 100 | |
| Utilities | 102 | 106 | 100 | |
Greenfield, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Greenfield is $157,300.
The Median Rent in Greenfield is $954.
The Median Income in Greenfield is $63,952.
The Home Value To Income in Greenfield is 2.5x.
The Rent To Monthly Income in Greenfield is 0.18x.
| Statistic | Greenfield | Indiana | United States |
|---|---|---|---|
| Median Home Value | $157,300 | $158,500 | $244,900 |
| Median Rent | $954 | $891 | $1,163 |
| Median Income | $63,952 | $61,944 | $69,021 |
| Home Value To Income | 2.5x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Greenfield, IN Costs By Category
Detailed Greenfield Services Costs Vs. Indiana
| Item | Greenfield | Indiana |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $11.27 | $10.68 |
| Bowling | $16.9 | $14.67 |
| Haircut | $17.8 | $18.62 |
| Beauty Salon | $37.63 | $39.05 |
Detailed Greenfield Groceries Costs Vs. Indiana
| Item | Greenfield | Indiana |
|---|---|---|
| Ground Beef | $4.16 | $4.22 |
| Fried Chicken | $1.37 | $1.39 |
| Milk | $1.68 | $2.05 |
| Potatoes | $2.69 | $3.29 |
| Pizza | $10.99 | $10.62 |
| Beer | $8.71 | $9.38 |
| Toothpaste | $2.02 | $2.34 |
Detailed Greenfield Health Costs Vs. Indiana
| Item | Greenfield | Indiana |
|---|---|---|
| Optometrist | $65.9 | $108.57 |
| Doctor | $88.25 | $116.17 |
| Dentist | $92.92 | $99.13 |
Detailed Greenfield Transportation Costs Vs. Indiana
| Item | Greenfield | Indiana |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $40.89 | $50.07 |
Detailed Greenfield Utilities Costs Vs. Indiana
| Item | Greenfield | Indiana |
|---|---|---|
| All Electricity | $171.81 | $167.67 |
| Phone | $184.27 | $175.64 |
Greenfield SnackAbility
/10
Cost Of Living In Cities Around Greenfield
The cost of living varies in the cities and towns around Greenfield. Here's a quick look at the cost of living in the most populous nearby places:
Indianapolis, IN has a cost of living index of 88, 1.0x Greenfield.
Lawrence, IN has a cost of living index of 87, 1.0x Greenfield.
Beech Grove, IN has a cost of living index of 86, 1.0x Greenfield.
| City | Population | Cost Of Living | Vs. Greenfield |
|---|---|---|---|
| Indianapolis, IN | 880,104 | 88 | 1.0x |
| Lawrence, IN | 49,048 | 87 | 1.0x |
| Beech Grove, IN | 15,202 | 86 | 1.0x |
| McCordsville, IN | 8,629 | 101 | 1.1x |
| Cumberland, IN | 5,860 | 93 | 1.1x |
