Small City63,830 people

Greenwood, IN

Discover how far your salary goes in Greenwood. Compare taxes, rent, and living costs.

Cost Index
92
Below Average
Population

63,830

State Tax

3.1%

1BR Rent

$1,120

/month

vs National

-20%

below avg

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Rent Prices in Greenwood

🏠

Studio

$896

/month

$10,752/year

Most Common
🛏️

1 Bedroom

$1,120

/month

$13,440/year

🏡

2 Bedroom

$1,512

/month

$18,144/year

🏘️

3 Bedroom

$1,960

/month

$23,520/year

Taxes in Indiana

State Income Tax

Indiana

3.1%

For a $100k salary, that's ~$3,150/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Greenwood, IN?

Greenwood has a cost of living index of 92, which is 8% below the national average. A 1-bedroom apartment costs around $1,120/month.

What is the state income tax in Indiana?

Indiana has a state income tax rate of approximately 3.1%. This is in addition to federal income tax.

How much is rent in Greenwood?

The median rent for a 1-bedroom apartment in Greenwood is $1,120/month. For a 2-bedroom, expect to pay around $1,512/month. This is 20% below the national average.

Is Greenwood a good place to live?

Greenwood is a small city with a population of 63,830. The cost of living is below average, making it more affordable than average for the US.

See the complete picture for Greenwood

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