Fifth Ward, LA vs Greenwood, LA

There is a significant gap in the cost of living between these two cities. Greenwood is 22.6% cheaper than Fifth Ward. With a cost index of 67 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Greenwood to Fifth Ward should plan for substantially higher expenses across most categories.

Renters will find that Fifth Ward has a median rent of $875/month while Greenwood comes in at $576/month, a 52% difference.

Median household income in Fifth Ward is $49,788 compared to $60,540 in Greenwood (-17.8%). Greenwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fifth Ward spend roughly 21.1% of their income on rent, more than the 11.4% in Greenwood.