Greenwood, PA Economy


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Greenwood, PA is a small town in Pennsylvania with a population of approximately 2400 residents. The median rent for a two bedroom apartment is $960, much cheaper than the US average of $1430. Additionally, the Grocery Cost Index in Greenwood, PA is 97 compared to 100 in the US.
The town offers local amenities like Greenwood Public Library, Druthers Brewing Company and Cafe, and Burns Restaurant & Bar. For entertainment there's the Friends of Music Concert Series which hosts local artists and musicians. Other unique attractions include Mile Hill Farm and Adventure Acres Family Fun Park. There are many different businesses in town such as Longenecker and Associates Inc., Gasper Home Solutions LLC, and Wohlsen Construction Company.

Greenwood has an unemployment rate of 6.7%. The US average is 6.0%.

Greenwood has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.

Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood is 3.1%. 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 $29,612 a year. The US average is $37,638 a year.
- The Median household income of a Greenwood resident is $57,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreenwood, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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