Cost of Living in Greenfield, IN
Population 24,308 · Indiana · Data vintage 2023
(100 = US avg)
Greenfield offers a notably favorable income-to-housing ratio for its region. The typical home — $206,000 — costs less than 2.7 times median household income of $74,949, a threshold many coastal markets passed a decade ago. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.
Greenfield sits roughly 15 miles southeast of Fishers — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 44% lower than Fishers' $370,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Greenfield
The median home value in Greenfield is $205,800 — 33% below the national median of $305,000. Median rent runs $1,128/month, 14% lower than the national median of $1,314/month. The median household income of $74,949/year is equal to than the US median of $74,580. The local unemployment rate is 2.8%, 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, Greenfield has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Greenfield, IN?
Greenfield has a cost index of 75 (100 = national average). It is 25% below the national average.
What is average rent in Greenfield, IN?
The median gross rent in Greenfield is $1,128 per month based on 2023 Census data.
What is the average home price in Greenfield?
The median home value in Greenfield is $205,800 according to Zillow and Census data.
What is the median income in Greenfield?
The median household income in Greenfield is $74,949 per year (2023 ACS 5-year estimates).
What is the sales tax in Greenfield, IN?
The combined state and local sales tax rate in Greenfield is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Greenfield, IN affordable?
Yes, Greenfield is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.
Greenfield at a Glance
- Population
- 24,308
- Median Income
- $74,949
- Home Value
- $205,800
- Median Rent
- $1,128/mo
- Unemployment
- 2.8%
- Sales Tax
- 7.0%
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Indiana Rankings
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