Greenfield cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGreenfieldIndianaNational
Cost of living index8988100
IndexGreenfieldIndianaNational
Goods & Services index9895100
Groceries index9492100
Health care index9995100
Housing index7573100
Transportation index9293100
Utilities index9193100
A general overview of the cost of living index for Greenfield, IN is displayed above. In Greenfield, IN, the overall cost of living index is 89, which is 2% higher than the Indiana average and 11% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Greenfield, IN, the city's goods and services are 3% higher than the Indiana average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Greenfield is 2% higher than the Indiana average.
  • The cost of living in Greenfield is 11% lower than the national average.
  • The cost of housing in Greenfield is 25% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Compare Greenfield, IN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Greenfield, IN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Greenfield, IN, then you would need to earn more income in order to maintain the same standard of living. To use the Greenfield, IN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,711$5,476$1,533$1,972
Renters$36,463$3,039$851$1,094
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Greenfield, IN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Greenfield, IN homeowners, is $65,711. This would allow for a maximum of $1,533 per month to be spent on housing costs. For renters, the median monthly income is $36,463 which would result in a maximum of $851 to be spent on rental costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
The Indiana sales tax and Indiana income tax rates should definitely be considered when determining the overall cost of living in Greenfield, IN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Indiana sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemGreenfieldNational avg.Difference
Haircut $19.60$14.5934.3%
Beauty Salon $29.80$34.6814.1%
Toothpaste $2.34$2.475.4%
Shampoo $1.03$1.020.8%
Movie $10.53$9.876.7%
Bowling $4.30$4.392.1%

Groceries

ItemGreenfieldNational avg.Difference
Ground Beef $4.34$4.483.1%
Fried Chicken $1.18$1.4619.4%
Milk $1.96$2.3616.8%
Potatoes $2.86$3.066.6%
Pizza $8.99$9.242.7%
Beer $7.98$8.637.6%

Health Care

ItemGreenfieldNational avg.Difference
Optometrist $84.30$99.7815.5%
Doctor $96.50$105.038.1%
Dentist $87.80$88.701.0%
Ibuprofen $8.69$9.417.7%
Lipitor $335.04$298.5012.2%

Housing

ItemGreenfieldNational avg.Difference
Home Price $120,100.00$175,700.0031.6%
Avg. Mortgage Payment $821.91$1,081.0324.0%
Apartment Rent $829.00$920.009.9%

Transportation

ItemGreenfieldNational avg.Difference
Gasoline $2.01$2.093.9%
Tire Balancing $36.41$45.2919.6%

Utilities

ItemGreenfieldNational avg.Difference
All Electricity$156.80$170.808.2%
Phone $25.68$28.269.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Carthage, IN76781-19%
Arlington, IN47181-19%
Kennard, IN51682-18%
Knightstown, IN2,05582-18%
Fairland, IN33482-18%
Greenfield, IN21,01289-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South San Jose Hills, CA21,01212222%
Adrian, MI21,00883-17%
Cockeysville, MD21,00611717%
Arnold, MO21,02096-4%
Washington, UT20,9991033%
Greenfield, IN21,01289-11%
Source: The Greenfield, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.