Greenwood, FL is a small but vibrant town located in the Northwest of Florida. It offers its residents great value for money, with 2 bedroom rents being at $830 compared to the US average of $1,430. The cost of groceries is also lower here than in most other areas in the US, with an index score of 94 versus 100 nationally. There are a variety of businesses and attractions located in Greenwood, such as the Gaffney's Creek Park which features a walking track and family picnic area, plus Grady's Furniture which has been providing quality furniture to locals for over 50 years. In addition to these establishments there are plenty of restaurants, shops and activities to keep visitors entertained.
Greenwood has an unemployment rate of 4.8%. The US average is 6.0%.
Greenwood has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 0.0%. 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 $15,668 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $46,250 a year. The US average is $69,021 a year.