Greenwood, LA is a small city located in Louisiana. It has a population of just over 8,000 people and is known for its affordability. The average two-bedroom rent in Greenwood, LA is $830, while the average two-bedroom rent in the US is $1,430. Additionally, grocer costs are lower in Greenwood with an index score of 94 compared to the national average of 100. This makes Greenwood an attractive option for people looking for affordable living without sacrificing quality. Notable businesses situated in Greenwood include Voorhies Supply Co., C&M Automotive Services, Inc., and Antley Furniture & Appliance Company.
Greenwood has an unemployment rate of 7.4%. The US average is 6.0%.
Greenwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 6.0%. 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 $29,281 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $62,672 a year. The US average is $69,021 a year.