Greenwood, AR vs West Memphis, AR

Greenwood, AR and West Memphis, AR have a very similar cost of living, with only a 2.6% difference in their overall index. Greenwood scores 69 while West Memphis scores 68 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Greenwood is $824/month compared to $847/month in West Memphis — a 3% difference. Interestingly, home values tell a different story: while Greenwood has cheaper rent, West Memphis actually has lower median home values ($119,100 vs $177,300).

Median household income in Greenwood is $65,745 compared to $41,860 in West Memphis (+57.1%). 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 Greenwood spend roughly 15% of their income on rent, less than the 24.3% in West Memphis.