B
Overall 11%
Goods & Services 0%
Housing 33%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; 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.
IndexGreenwoodNebraskaNational
Cost of living8990100
Goods & Services10097100
Groceries9799100
Health care10799100
Housing6776100
Transportation10197100
Utilities8889100

Key findings

  • The cost of living in Greenwood is 2% lower than the Nebraska average
  • The cost of living in Greenwood is 11% lower than the national average
  • Greenwood housing is 33% lower than the national average
  • Nebraska general sales tax is 8% higher than the national average
  • Nebraska state income tax is equal to the national average

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Compare Greenwood, NE Cost of Living

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$57,250$4,771$1,336$1,718
      Renters$49,286$4,107$1,150$1,479

      Nebraska Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Nebraska5.5%7.5%

      Nebraska Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Nebraska2.46%6.84%

      Goods & Services

      ItemGreenwoodNational avg.Difference
      Haircut $23.58$18.6226.6%
      Beauty Salon $40.62$39.054.0%
      Toothpaste $2.40$2.342.4%
      Shampoo $1.03$1.062.8%
      Movie $11.39$10.686.6%
      Bowling $16.33$14.6711.3%

      Groceries

      ItemGreenwoodNational avg.Difference
      Ground Beef $3.46$4.2217.9%
      Fried Chicken $1.46$1.395.1%
      Milk $2.21$2.058.0%
      Potatoes $2.18$3.2933.8%
      Pizza $9.99$10.626.0%
      Beer $8.85$9.385.7%

      Health Care

      ItemGreenwoodNational avg.Difference
      Optometrist $104.48$108.573.8%
      Doctor $148.06$116.1727.4%
      Dentist $94.73$99.134.4%
      Ibuprofen $9.96$9.682.9%
      Lipitor $499.63$466.927.0%

      Housing

      ItemGreenwoodNational avg.Difference
      Home Price $110,800.00$184,700.0040.0%
      Avg. Mortgage Payment $950.85$1,197.4220.6%
      Apartment Rent $781.00$949.0017.7%

      Transportation

      ItemGreenwoodNational avg.Difference
      Gasoline $2.20$2.221.2%
      Tire Balancing $51.60$50.073.1%

      Utilities

      ItemGreenwoodNational avg.Difference
      All Electricity$123.99$167.6726.0%
      Phone $194.37$175.6410.7%
      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.
      Ithaca, NE11284-16%
      South Bend, NE10884-16%
      Memphis, NE9886-14%
      Davey, NE14387-13%
      Murdock, NE23988-12%
      Greenwood, NE56389-11%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Butterfield, MO56376-24%
      Greenville, MO56378-22%
      Zearing, IA56386-14%
      Laupahoehoe, HI56315050%
      Big Piney, WY56394-6%
      Greenwood, NE56389-11%
      Source: The Greenwood, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.