Greenwood, NY is a small town located in Central New York. It has a cozy, rural atmosphere surrounded by rolling hills and plenty of nature. The cost of living in Greenwood is relatively low; 2 bedroom rent is only $850 compared to the U.S. average of $1,430. Additionally, the Grocery Cost Index in Greenwood is 96 compared to 100 in the U.S., making groceries more affordable. \nLocal businesses such as Greenwood Grocery Store, Joe's Bar and Grill, and G-Lawncare all contribute to the community. Greenwood also has its own post office and many churches throughout town for residents’ convenience. With its low cost of living and small town charm, Greenwood is an ideal place to live in Central New York.
Greenwood has an unemployment rate of 6.7%. 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 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 6.5%. 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 $23,684 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $76,250 a year. The US average is $69,021 a year.