Cost of Living in Greenwood, MO
Population 6,000 · Missouri · Data vintage 2023
(100 = US avg)
Greenwood is a smaller Missouri community of around 6000 residents, where median household incomes of $104,638 and housing costs ($263,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.4% points to a labor market well on the tight side of the national distribution.
Greenwood sits roughly 6 miles southeast of Lee's Summit — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 16% lower than Lee's Summit's $313,000.
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 $263,300 — 14% below the national median of $305,000. Median rent runs $1,679/month, 28% higher than the national median of $1,314/month. The median household income of $104,638/year is 40% higher than the US median of $74,580. The local unemployment rate is 1.4%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. The climate averages highs of 65.1°F and lows of 46.4°F. Overall, Greenwood has a cost of living index of 103 versus the US average of 100, meaning it is 3% more 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 | 39 | 44 | 55 | 66 | 75 | 84 | 88 | 87 | 79 | 67 | 54 | 43 |
| Low °F | 22 | 26 | 35 | 46 | 56 | 65 | 70 | 68 | 59 | 47 | 36 | 26 |
| Precip" | 0.96 | 1.43 | 2.14 | 4.19 | 5.70 | 4.95 | 4.57 | 4.54 | 3.07 | 3.39 | 2.05 | 1.35 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Greenwood, MO?
Greenwood has a cost index of 103 (100 = national average). It is 3% above the national average.
What is average rent in Greenwood, MO?
The median gross rent in Greenwood is $1,679 per month based on 2023 Census data.
What is the average home price in Greenwood?
The median home value in Greenwood is $263,300 according to Zillow and Census data.
What is the median income in Greenwood?
The median household income in Greenwood is $104,638 per year (2023 ACS 5-year estimates).
What is the sales tax in Greenwood, MO?
The combined state and local sales tax rate in Greenwood is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Greenwood, MO affordable?
Greenwood is near the national average in terms of cost of living, with an index of 103 (100 = US average).
What is the weather like in Greenwood?
Greenwood has average high temperatures of 65.1°F and average lows of 46.4°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.
Greenwood at a Glance
- Population
- 6,000
- Median Income
- $104,638
- Home Value
- $263,300
- Median Rent
- $1,679/mo
- Unemployment
- 1.4%
- Avg High Temp
- 65.1°F
- Sales Tax
- 8.4%
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Missouri Rankings
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