Cost of Living in Greenwood, AR

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12%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
24%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Greenwood Arkansas National
Cost of living8886100
Groceries9396100
Health care9695100
Housing7667100
Transportation9694100
Utilities8993100
Lifestyle & Entertainment9793100
Household Items9496100
Education & Childcare8892100
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Homes For Sale In Greenwood, AR

property for sale

1135 W Center St

Greenwood, AR
property for sale

706 Live Oak Dr

Greenwood, AR
property for sale

640 S Oak St

Greenwood, AR
property for sale

790 Eastern Hills Dr

Greenwood, AR
See the Newest Homes For Sale In Greenwood, AR

Cost Of Living Quick Facts

  • The cost of living in Greenwood is 2% higher than the Arkansas average
  • The cost of living in Greenwood is 12% lower than the national average
  • Greenwood housing is 24% lower than the national average
  • Arkansas general sales tax is 27% higher than the national average
  • Arkansas state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Greenwood

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$100,762$8,397$2,351$3,023
      Renters$58,977$4,915$1,376$1,769
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Greenwood, AR, 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 Greenwood homeowners, is $100,762. This would allow for a maximum of $2,351 per month to be spent on housing costs. For renters, the median monthly income is $58,977 which would result in a maximum of $1,376 to be spent on rental costs.

      Arkansas Sales Tax

      State General Sales Tax With Max Surtax
      Arkansas 6.5% 11.625%

      Arkansas Income Tax

      State Income Tax (Low) Income Tax (High)
      Arkansas 2% 4.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Moffett, OK947425.5%
      Huntington, AR5357822.3%
      Hartford, AR7817821.8%
      Arkoma, OK1,8887921.1%
      Midland, AR3488019.8%
      Greenwood, AR9,6158812.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      St. Stephens, NC9,613919.0%
      Monticello, AR9,6188415.7%
      Audubon, PA9,62012423.9%
      Arnprior, ON9,608n/a 
      Minto, ON9,623n/a 
      Greenwood, AR9,6158812.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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