| Index | Greenville | Ohio | National |
| Cost of living | 85 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 97 | 96 | 100 |
| Housing | 59 | 74 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 95 | 96 | 100 |
| Lifestyle & Entertainment | 94 | 95 | 100 |
| Household Items | 96 | 97 | 100 |
| Education & Childcare | 99 | 93 | 100 |
Getting a feel for the cost of living in Greenville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Greenville is 85, which is 15% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Greenville distinguishes itself by reporting housing expenses that are 40.9% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Greenville can allocate more of their income to housing, enhancing their financial flexibility.
Is Greenville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Greenville, for instance, where the median home price falls 43.6% lower than the national average, and monthly rent rates are 34.6% lower than usual. Additionally, median income levels contribute to the equation, with Greenville flaunting a median household income of $59,910, 26.3% lower than the national norm.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Greenville, the transportation index is 3.1% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Greenville, the general sales tax rate starts at 5.75%, and income tax rates begin at 2.76%.
The Greenville cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $82,085 | $6,840 | $1,915 | $2,463 |
| Renters | $46,788 | $3,899 | $1,092 | $1,404 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Hollansburg, OH | 282 | 78 | 22.2% |
| Union City, OH | 1,705 | 79 | 21.3% |
| Whitewater, IN | 42 | 79 | 20.5% |
| Union City, IN | 3,491 | 80 | 19.9% |
| Palestine, OH | 261 | 80 | 19.9% |
| Greenville, OH | 13,135 | 85 | 14.6% |
| City | Population | Cost of Living Index | National Avg. |
| Key Biscayne, FL | 13,140 | 269 | 169.5% |
| Meadville, PA | 13,127 | 90 | 10.3% |
| St. Ann, MO | 13,143 | 86 | 14.1% |
| Martinsville, VA | 13,146 | 88 | 12.4% |
| Clarkston, GA | 13,147 | 97 | 3.3% |
| Greenville, OH | 13,135 | 85 | 14.6% |
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