Greenwood is an ideal location to live in the state of Indiana. It has a population of 46142 people as of 2019 and is conveniently located in close proximity to Indianapolis. The average rent for a 2 Bedroom apartment in Greenwood is $980 compared to the US average of $1,430, making it an affordable option for those wanting to live in this area. Additionally, the Grocery Cost Index here is 96 versus 100 in the US, which makes groceries more budget friendly than other cities.
The city offers plenty of amenities such as shopping centers like Greenwood Park Mall and Greenbriar Commons Shopping Center; restaurants like Fire by the Monon; and recreational areas including Freedom Park and The City Center. There are also many local businesses like U-Save Auto Rental, Tom Wood Nissan South, Transwest Truck & Trailer, Inc., Big O Tires, Vantage Point Solutions Group LLC that employ members from the community.
Greenwood (zip 46142) has an unemployment rate of 3.6%. The US average is 6.0%.
Greenwood (zip 46142) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Greenwood (zip 46142)
- The Sales Tax Rate for Greenwood (zip 46142) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood (zip 46142) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Greenwood (zip 46142)
- The average income of a Greenwood (zip 46142) resident is $31,400 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood (zip 46142) resident is $77,455 a year. The US average is $69,021 a year.