Greenwood, NE is a small town with a population of about 600 people. It's located in Nemaha County, and is known for its excellent school system and family-friendly atmosphere. The cost of living in Greenwood is quite low compared to other parts of the country. For example, the average rent for a two bedroom apartment is $1,120, which is much lower than the US average of $1,430. Similarly, grocery costs are cheaper in Greenwood with a Grocery Cost Index of 98 compared to 100 in the US. Local businesses include banks like First National Bank & Trust Co., convenience stores such as JD's Corner Store, and restaurants like Sushi Ya. Overall, Greenwood offers an affordable place to live with plenty of local amenities available.
Greenwood has an unemployment rate of 3.2%. The US average is 6.0%.
Greenwood has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 6.8%. 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 $31,136 a year. The US average is $37,638 a year.
- The Median household income of a Greenwood resident is $87,875 a year. The US average is $69,021 a year.