Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Greenwood, Mississippi is a medium-sized city with a population of 13,826 inhabitants. In Greenwood, the most common ethnic group is Black or African American with a total of 72%. This is followed by 25% White and 1% Asian ethnic groups. Single men and women might be happy to hear that in Greenwood, only 41% of the population is married. If you are not a fan of long commutes, you will enjoy living in Greenwood. With an average one way commute time of only 18 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Greenwood could be a positive experience compared to other cities in Mississippi if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Finding the best places to live in Greenwood and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, education, employment, housing and other important metrics.
Using data and statistics Greenwood has received a livability score of 68 out of 100. This score is ranked in the 74th percentile when compared to all other cities. Based on the grades for each individual category, Greenwood has received high marks for housing (B-). Greenwood does not rank well for the following: amenities (F), education (D) and employment (F). It might be a good idea to take a closer look at each category to find out why.
The impact of the cost of living on your monthly financial situation cannot be overstated. Whether it's housing expenses, grocery bills or healthcare costs, it's crucial to ensure that your chosen place of residence is not only comfortable but also affordable. Fortunately, in Greenwood, the cost of living is 22.48% below the national average, offering the assurance that after meeting your financial obligations, there may be a surplus left in your wallet. This financial advantage not only promotes financial stability but also opens up opportunities for savings and a better quality of life. In a world where expenses can be overwhelming, Greenwood stands out as a place where you can enjoy both comfort and fiscal responsibility, ensuring a brighter financial future.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Greenwood apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Greenwood. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Greenwood are affordable. The median home price for Greenwood homes is $88,300, which is 16.5% lower than the Mississippi average. If we take a closer look at the affordability of homes in Greenwood, we’ll see that the home price to income ratio is 2.7, which is 3.8% higher than the Mississippi average.
| Statistic | Greenwood | Mississippi | National |
| Average one way commute | 18min | 24min | 26min |
| Workers who drive to work | 92.4% | 84.7% | 76.4% |
| Workers who carpool | 3.1% | 9.7% | 9.3% |
| Workers who take public transit | 0.1% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.3% | 1.5% | 2.8% |
| Working from home | 4.0% | 2.2% | 4.6% |
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