Cost of Living in Greendale, IN

Population 4,176 · Indiana · Data vintage 2023

54
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Greendale can reasonably expect a home to cost less than three years of household income — $184,000 against $78,912 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 0.0% — below most comparable cities in the state.

Geographically, Greendale sits roughly 15 miles west of Cincinnati. Median home values run roughly 14% lower than Cincinnati's $215,000.

Cost Overview

Housing 60
Rent 44

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Greendale

The median home value in Greendale is $184,300 — 40% below the national median of $305,000. Median rent runs $577/month, 56% lower than the national median of $1,314/month. The median household income of $78,912/year is 6% higher than the US median of $74,580. The local unemployment rate is 0.0%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Greendale has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$184,300
40% below avg
Zillow Home Value
$240,567
Zillow ZHVI
Median Rent
$577/mo
56% below avg
Price-to-Rent Ratio
26.6x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$783
2 BR
$985
3 BR
$1,286
4 BR
$1,456
Owner-occupied 83.8%
Renter-occupied 16.2%

💰 Estimated Monthly Budget

Rent median rent
$577
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,191/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.3 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.5%

Commute Mode

Drove alone
82.5%
Carpooled
13.0%
Work from home
3.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$78,912
6% above avg
Per Capita Income
$32,622
Unemployment Rate
0.0%
100% below avg
Poverty Rate
10.8%
Labor Force Participation
62.7%

🎓 Education

Bachelor's degree+ 20.4%
Graduate degree 3.8%

👥 Demographics

Median Age 39.7
Male median age 39.5
Female median age 39.9

Frequently Asked Questions

What is the cost of living in Greendale, IN?

Greendale has a cost index of 54 (100 = national average). It is 46% below the national average.

What is average rent in Greendale, IN?

The median gross rent in Greendale is $577 per month based on 2023 Census data.

What is the average home price in Greendale?

The median home value in Greendale is $184,300 according to Zillow and Census data.

What is the median income in Greendale?

The median household income in Greendale is $78,912 per year (2023 ACS 5-year estimates).

What is the sales tax in Greendale, IN?

The combined state and local sales tax rate in Greendale is 7.0%. The Indiana state income tax top rate is 3.0%.

Is Greendale, IN affordable?

Yes, Greendale is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.

Greendale at a Glance

Population
4,176
Median Income
$78,912
Home Value
$184,300
Median Rent
$577/mo
Unemployment
0.0%
Sales Tax
7.0%
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Explore county-level cost of living data

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