Clarksville, IN vs Greenwood, IN

Clarksville is moderately more affordable than Greenwood, with a 14.7% lower cost of living index. Clarksville scores 78 compared to 91 for Greenwood, where the US average is 100. This difference means residents of Greenwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clarksville is $1,031/month compared to $1,252/month in Greenwood — a 18% difference. Home values follow the same pattern: Clarksville is more affordable at $172,700 median vs $248,700.

Median household income in Clarksville is $58,518 compared to $78,765 in Greenwood (-25.7%). While Greenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clarksville spend roughly 21.1% of their income on rent, more than the 19.1% in Greenwood.