Greenwood, Missouri is a great place to live. Located only ten minutes from downtown Kansas City, Greenwood provides easy access to all the attractions and amenities that a larger city has to offer. The cost of living in Greenwood is very affordable compared to other cities. Rent for two bedrooms is $1,730 which is significantly lower than the US average which is $1,430. Grocery costs are also lower with an index of 99 versus 100 in the US. Those looking for employment have plenty of opportunities as major companies such as Hallmark Cards, Garmin International, and Ferrellgas are headquartered in Greenwood. All in all, Greenwood provides residents with a comfortable lifestyle at an affordable price.
Greenwood has an unemployment rate of 5.2%. The US average is 6.0%.
Greenwood has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 5.9%. 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 $39,085 a year. The US average is $37,638 a year.
- The Median household income of a Greenwood resident is $94,069 a year. The US average is $69,021 a year.