Gravette, AR vs Greenwood, AR

Greenwood is moderately more affordable than Gravette, with a 13.4% lower cost of living index. Gravette scores 79 compared to 69 for Greenwood, where the US average is 100. This difference means residents of Gravette can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gravette is $1,028/month compared to $824/month in Greenwood — a 25% difference. Home values follow the same pattern: Greenwood is more affordable at $177,300 median vs $189,100.

Median household income in Gravette is $65,014 compared to $65,745 in Greenwood (-1.1%). 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 Gravette spend roughly 19% of their income on rent, more than the 15% in Greenwood.