Greenwood, Illinois Cost Of Living

Buy Rent

D+

Overall 2%

Goods & Services 4%

Housing 15%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Greenwood	Illinois	National
Cost of living	102	98	100
Goods & Services	96	98	100
Groceries	94	97	100
Health care	105	100	100
Housing	115	95	100
Transportation	109	112	100
Utilities	90	97	100

Key findings

The cost of living in Greenwood is 4% higher than the Illinois average
The cost of living in Greenwood is 2% higher than the national average
Greenwood housing is 15% higher than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% higher than the national average

For Sale For Rent

Find real estate listings

Find rental listings

Most Affordable Places to Live in and Around Greenwood

See all the best places to live around Greenwood

Compare Greenwood, IL Cost of Living

See all Greenwood poll results

The best places in Illinois

Here are the best places to live in Illinois

Top 10 cities in Illinois with the best education system

Check out the 10 safest cities in Illinois

10 Best cities in Illinois for employment

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$95,288	$7,941	$2,223	$2,859
Renters	$56,042	$4,670	$1,308	$1,681

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Greenwood	National avg.	Difference
Haircut	$16.10	$17.49	7.9%
Beauty Salon	$32.29	$38.17	15.4%
Toothpaste	$1.83	$2.32	21.2%
Shampoo	$1.03	$1.01	1.8%
Movie	$11.59	$10.72	8.1%
Bowling	$12.83	$13.86	7.4%

Groceries

Item	Greenwood	National avg.	Difference
Ground Beef	$3.91	$3.90	0.3%
Fried Chicken	$1.49	$1.40	6.8%
Milk	$1.84	$1.96	6.2%
Potatoes	$3.23	$3.18	1.5%
Pizza	$10.49	$10.39	0.9%
Beer	$8.01	$9.23	13.2%

Health Care

Item	Greenwood	National avg.	Difference
Optometrist	$70.14	$106.34	34.0%
Doctor	$151.00	$115.25	31.0%
Dentist	$96.67	$98.38	1.7%
Ibuprofen	$9.74	$9.26	5.2%
Lipitor	$472.83	$466.47	1.4%

Housing

Item	Greenwood	National avg.	Difference
Home Price	$229,500.00	$184,700.00	24.3%
Avg. Mortgage Payment	$833.50	$1,273.32	34.5%
Apartment Rent	$897.00	$949.00	5.5%

Transportation

Item	Greenwood	National avg.	Difference
Gasoline	$2.94	$2.59	13.6%
Tire Balancing	$51.17	$48.90	4.7%

Utilities

Item	Greenwood	National avg.	Difference
All Electricity	$131.21	$167.60	21.7%
Phone	$188.52	$163.42	15.4%

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, State	Population	Cost of Living Index	National Avg.
Harvard, IL	9,589	90	-10%
Hebron, IL	1,288	91	-9%
Chemung, IL	262	91	-9%
McCullom Lake, IL	1,011	92	-8%
Lake Ivanhoe, WI	482	91	-9%
Greenwood, IL	425	102	2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Huxley, TX	425	82	-18%
Downieville-Lawson-Dumont, CO	425	101	1%
La Plata, NM	425	93	-7%
Darrouzett, TX	425	83	-17%
Reklaw, TX	425	81	-19%
Greenwood, IL	425	102	2%

Source: The Greenwood, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.