Greenwood, MS vs Madison, MS

The cost of living difference between Greenwood, MS and Madison, MS is dramatic. Greenwood is 45.3% cheaper than Madison, a gap that translates to thousands of dollars per year in household expenses. Greenwood has a cost index of 62 while Madison sits at 113, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Greenwood is $743/month compared to $1,798/month in Madison — a 59% difference. Home values follow the same pattern: Greenwood is more affordable at $98,500 median vs $334,700.

Median household income in Greenwood is $34,659 compared to $120,918 in Madison (-71.3%). While Madison 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 25.7% of their income on rent, more than the 17.8% in Madison.

Climate-wise, both cities share similar average temperatures (64°F vs 66°F). Greenwood receives more rainfall at 51.8" per year compared to 51.3" in Madison.