Cost of Living in Greenwood, MS
Population 13,983 · Mississippi · Data vintage 2023
(100 = US avg)
Greenwood's median household income of $34,659 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (28% here). At 8.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Greenwood lies roughly 85 miles north of the nearest major metro, Jackson — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 9% lower than Jackson's $108,000.
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 $98,500 — 68% below the national median of $305,000. Median rent runs $743/month, 43% lower than the national median of $1,314/month. The median household income of $34,659/year is 54% lower than the US median of $74,580. The local unemployment rate is 8.1%, above the national average of 4.8%. Mississippi's top state income tax rate is 4.7% and the combined sales tax is 7.1%. The climate averages highs of 74.9°F and lows of 53.2°F. Overall, Greenwood has a cost of living index of 42 versus the US average of 100, meaning it is 58% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 54 | 59 | 67 | 75 | 83 | 89 | 92 | 92 | 87 | 77 | 66 | 57 |
| Low °F | 35 | 38 | 45 | 53 | 62 | 69 | 72 | 70 | 64 | 52 | 42 | 37 |
| Precip" | 4.52 | 5.04 | 4.76 | 5.82 | 4.44 | 3.74 | 3.82 | 3.21 | 3.83 | 3.41 | 3.86 | 5.33 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Greenwood, MS?
Greenwood has a cost index of 42 (100 = national average). It is 58% below the national average.
What is average rent in Greenwood, MS?
The median gross rent in Greenwood is $743 per month based on 2023 Census data.
What is the average home price in Greenwood?
The median home value in Greenwood is $98,500 according to Zillow and Census data.
What is the median income in Greenwood?
The median household income in Greenwood is $34,659 per year (2023 ACS 5-year estimates).
What is the sales tax in Greenwood, MS?
The combined state and local sales tax rate in Greenwood is 7.1%. The Mississippi state income tax top rate is 4.7%.
Is Greenwood, MS affordable?
Yes, Greenwood is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.
What is the weather like in Greenwood?
Greenwood has average high temperatures of 74.9°F and average lows of 53.2°F. Annual precipitation is 51.8". Data from NOAA 1991–2020 Climate Normals.
Greenwood at a Glance
- Population
- 13,983
- Median Income
- $34,659
- Home Value
- $98,500
- Median Rent
- $743/mo
- Unemployment
- 8.1%
- Avg High Temp
- 74.9°F
- Sales Tax
- 7.1%
Explore county-level cost of living data
Mississippi Rankings
Similar Cost Cities
Cities in other states with comparable housing costs