Housing costs in Greenwood?
A typical home costs
$286,000, which is 15.4% less expensive than the national average of
$338,100 and 18.3% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Greenwood costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 10.0% more than the state average of
$1,260.
Can I afford Greenwood?
To live comfortably in Greenwood, Illinois, a minimum annual income of
$54,720 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Greenwood?
The cost of living in Greenwood, IL is relatively affordable compared to many other parts of the country. The overall cost of living index for the area is around 85, which is significantly lower than the national average of 100. Housing costs are quite low, making it an attractive option for those looking to purchase a home or rent an apartment on a limited budget. Prices for goods and services are also quite reasonable, with even basic staples like food and clothing remaining relatively inexpensive when compared with larger cities.