Greenwood, IL is a small town in the state of Illinois. It is known for its affordability and friendly community. Rent for a two bedroom apartment is $1,400 per month which is slightly less than the US average of $1,430 per month. The local grocery cost index in Greenwood is 96 compared to 100 in the US.
The town boasts several local businesses including Mojo's Pizza, Z's Corner Pub & Grill, and Hometown Hardware & Supply Co. These businesses are great for the local economy and provide quality goods and services to the citizens of Greenwood. In addition to these businesses, there are also many other small family owned stores that provide excellent products to the community.
Greenwood has an unemployment rate of 5.9%. The US average is 6.0%.
Greenwood has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower 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 5.0%. 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 $22,142 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $100,833 a year. The US average is $69,021 a year.