Cost of Living in Greenfield, MA

With a cost of living index of 91, Greenfield, MA is slightly more affordable than average. Living here is 9% cheaper than the national average and 38% below the Massachusetts state average of 129. Greenfield is a smaller community of 17,662 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Greenfield's cost of living. The median monthly rent is $1,097 (17% below the US median of $1,319), and the median home value sits at $252,000 (17% below the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Greenfield is $53,961, which is 28% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Greenfield. The area sees an average annual temperature of 48.3°F, with summers averaging 70°F and winters around 26°F. Annual rainfall totals 42.2 inches spread over roughly 146 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.