Greenwood, WI is a small city located in the heart of Wisconsin. It's known as a great place to live and work, due to its affordability and quality of life. In Greenwood, rent for two bedrooms is significantly lower than the US average at only $840 per month. The grocery cost index is also lower than the US average at 92 versus 100. Living in Greenwood is not only affordable but also provides access to numerous local companies in a variety of industries. Notable local businesses include G&G Industries, which manufactures automotive components; Greenwood Grocery Store, a community-owned store offering fresh produce and groceries; and Hanson Dental Care, providing comprehensive dental care services for families in the area.
Greenwood has an unemployment rate of 4.5%. The US average is 6.0%.
Greenwood has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 39.4%, which is higher 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 6.3%. 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 $21,115 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $47,679 a year. The US average is $69,021 a year.