Greenwood, DE is a small town located near the Delaware and Maryland border. It is known for its affordability and convenience to major cities. With its two bedroom rent at $1,140 versus the US average of $1,430, Greenwood provides great value for money. Furthermore, the Grocery Cost Index in Greenwood stands at 106 versus 100 in the US making food more affordable than in most places. Popular local companies include Bancroft Construction Inc., Drifting Sands Vacation Rental Properties and Dukes Woodworks LLC. Community attractions include Trap Pond State Park, Painted Stave Distilling and Hockessin Athletic Club. Whether it’s for locals or visitors, Greenwood has something to offer for everyone looking for an affordable place to live with plenty of entertainment options nearby.
Greenwood has an unemployment rate of 6.4%. The US average is 6.0%.
Greenwood has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 6.6%. 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 $22,203 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $63,717 a year. The US average is $69,021 a year.