Greenfield, IN

Below Avg · 75

Indiana · Population 24,308 · Updated March 2026

$1,128
Median Rent / Month
$74,949
Median Income
$205,800
Median Home Value
$1,130
Owner Costs / Month

Affordability

How far your income goes in Greenfield

18.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Indiana

State-level tax rates that affect your costs

3.05%
Income Tax (Top Rate)
7.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$13,536
Annual Rent
$2,286
State Income Tax
$1,708
Property Tax (est.)

Cost of Living Overview

Greenfield is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 75 (where 100 equals the national median), Greenfield residents can expect to pay median rent of $1,128/month while earning a median household income of $74,949/year.

The median home value in Greenfield, IN is $205,800, with typical monthly owner costs around $1,130 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Indiana has a moderate income tax rate of 3.05%. Combined with a 7.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Greenfield.

Frequently Asked Questions

Common questions about living costs in Greenfield

What is the cost of living in Greenfield, IN?
The cost of living index in Greenfield, IN is 75 (US average = 100). Median monthly rent is $1,128, median household income is $74,949/year, and the median home value is $205,800.
Is Greenfield, IN affordable?
Yes, Greenfield is more affordable than the national average with a cost index of 75. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Greenfield, IN?
The median gross rent in Greenfield, IN is $1,128 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,536.
What is the median household income in Greenfield?
The median household income in Greenfield, IN is $74,949 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Indiana?
Indiana has a top income tax rate of 3.05%, a sales tax of 7.0%, and an effective property tax rate of 0.83%.