Cost of Living in Greenfield, OH

With a cost of living index of 61, Greenfield, OH is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 17% below the Ohio state average of 78. Greenfield is a small community of 4,047 residents.

Housing costs are the biggest factor in Greenfield's cost of living. The median monthly rent is $676 (49% below the US median of $1,319), and the median home value sits at $96,600 (68% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Greenfield is $46,513, which is 38% lower than the national median of $75,149. Residents spend roughly 17% 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 52.6°F, with summers averaging 72°F and winters around 32°F. Annual rainfall totals 42.4 inches spread over roughly 145 days.

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.