Cost of Living in Greenwood, PA

Population 3,017 · Pennsylvania · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Greenwood stay well under national norms: a median home value of $150,000 against median household incomes of $67,661 gives the city one of the more comfortable price-to-income ratios in Pennsylvania. An unemployment rate of 1.7% points to a labor market well on the tight side of the national distribution.

Greenwood lies roughly 85 miles east of the nearest major metro, Pittsburgh — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% lower than Pittsburgh's $193,000.

Cost Overview

Housing 49
Rent 89

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

About the Cost of Living in Greenwood

The median home value in Greenwood is $149,600 — 51% below the national median of $305,000. Median rent runs $1,176/month, 11% lower than the national median of $1,314/month. The median household income of $67,661/year is 9% lower than the US median of $74,580. The local unemployment rate is 1.7%, below the national average of 4.8%. Pennsylvania's top state income tax rate is 3.1% and the combined sales tax is 6.3%. The climate averages highs of 60.3°F and lows of 41.7°F. Overall, Greenwood has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$149,600
51% below avg
Median Rent
$1,176/mo
11% below avg
Price-to-Rent Ratio
10.6x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$779
1 BR
$871
2 BR
$1,065
3 BR
$1,337
4 BR
$1,547
Owner-occupied 75.5%
Renter-occupied 24.5%

💰 Estimated Monthly Budget

Rent median rent
$1,176
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,790/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
22.1 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.6%

Commute Mode

Drove alone
83.7%
Carpooled
10.4%
Walked
1.3%
Work from home
4.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.1%
Total Sales Tax 6.3%
State rate 6.0%
Avg local rate 0.3%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$67,661
9% below avg
Per Capita Income
$35,109
Unemployment Rate
1.7%
65% below avg
Poverty Rate
3.6%
Labor Force Participation
65.2%

🎓 Education

Bachelor's degree+ 27.6%
Graduate degree 6.5%

👥 Demographics

Median Age 39.8
Male median age 33.8
Female median age 42.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.3°F
Avg Low
41.7°F
Annual Precip
36.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948617179838174635140
Low °F 212330405058626053433426
Precip" 2.231.953.013.283.723.423.483.263.962.922.852.57

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
64%
Good air days/yr
213
Max AQI recorded
238
PM2.5 days
120
Ozone days

Frequently Asked Questions

What is the cost of living in Greenwood, PA?

Greenwood has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in Greenwood, PA?

The median gross rent in Greenwood is $1,176 per month based on 2023 Census data.

What is the average home price in Greenwood?

The median home value in Greenwood is $149,600 according to 2023 Census ACS data.

What is the median income in Greenwood?

The median household income in Greenwood is $67,661 per year (2023 ACS 5-year estimates).

What is the sales tax in Greenwood, PA?

The combined state and local sales tax rate in Greenwood is 6.3%. The Pennsylvania state income tax top rate is 3.1%.

Is Greenwood, PA affordable?

Yes, Greenwood is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

What is the weather like in Greenwood?

Greenwood has average high temperatures of 60.3°F and average lows of 41.7°F. Annual precipitation is 36.6". Data from NOAA 1991–2020 Climate Normals.

Greenwood at a Glance

Population
3,017
Median Income
$67,661
Home Value
$149,600
Median Rent
$1,176/mo
Unemployment
1.7%
Avg High Temp
60.3°F
Sales Tax
6.3%
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Explore county-level cost of living data

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