Cost of Living in Greenwood, LA
Population 3,123 · Louisiana · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Greenwood a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $228,000. An unemployment rate of 0.0% points to a labor market well on the tight side of the national distribution.
Greenwood sits roughly 10 miles west of Shreveport — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 28% higher than Shreveport's $178,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Greenwood
The median home value in Greenwood is $227,500 — 25% below the national median of $305,000. Median rent runs $576/month, 56% lower than the national median of $1,314/month. The median household income of $60,540/year is 19% lower than the US median of $74,580. The local unemployment rate is 0.0%, below the national average of 4.8%. Louisiana's top state income tax rate is 4.3% and the combined sales tax is 9.5%. The climate averages highs of 77.5°F and lows of 55.6°F. Overall, Greenwood has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.
Greenwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 58 | 63 | 70 | 78 | 85 | 91 | 94 | 95 | 90 | 79 | 68 | 60 |
| Low °F | 37 | 41 | 48 | 54 | 64 | 71 | 74 | 73 | 67 | 55 | 45 | 39 |
| Precip" | 4.40 | 4.30 | 4.90 | 5.19 | 4.46 | 4.78 | 3.50 | 2.91 | 3.46 | 4.59 | 4.00 | 4.94 |
| Snow" | 0.2 | 0.5 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Greenwood, LA?
Greenwood has a cost index of 62 (100 = national average). It is 38% below the national average.
What is average rent in Greenwood, LA?
The median gross rent in Greenwood is $576 per month based on 2023 Census data.
What is the average home price in Greenwood?
The median home value in Greenwood is $227,500 according to Zillow and Census data.
What is the median income in Greenwood?
The median household income in Greenwood is $60,540 per year (2023 ACS 5-year estimates).
What is the sales tax in Greenwood, LA?
The combined state and local sales tax rate in Greenwood is 9.5%. The Louisiana state income tax top rate is 4.3%.
Is Greenwood, LA affordable?
Yes, Greenwood is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.
What is the weather like in Greenwood?
Greenwood has average high temperatures of 77.5°F and average lows of 55.6°F. Annual precipitation is 51.4". Average annual snowfall is 0.9". Data from NOAA 1991–2020 Climate Normals.
Greenwood at a Glance
- Population
- 3,123
- Median Income
- $60,540
- Home Value
- $227,500
- Median Rent
- $576/mo
- Unemployment
- 0.0%
- Avg High Temp
- 77.5°F
- Sales Tax
- 9.5%
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Louisiana Rankings
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