Greenwood, IN is an attractive city to live in due to its affordable housing and cost of living. The average rent for a two-bedroom apartment is $1,100 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Greenwood is 96 versus 100 in the US. The city offers a variety of local companies, amenities and attractions. Popular corporations such as National Fulfillment Services and UMB Bank are headquartered here. Residents enjoy access to a wide range of shopping centers like Greenwood Park Mall and grocery stores like Kroger and Marsh Supermarkets. There are also various parks, trails and recreation facilities that offer year-round outdoor activities for both children and adults. Other notable attractions include the Art & Soul Gallery and Franciscan Health Fitness Center for those looking for cultural or fitness experiences.
Greenwood has an unemployment rate of 3.9%. The US average is 6.0%.
Greenwood has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Greenwood
- The average income of a Greenwood resident is $26,813 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $71,159 a year. The US average is $69,021 a year.