Zip 22943 (Greenwood, VA) Economy


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Greenwood, Virginia is a small town located in Albemarle County. With a population of around 22943 people, the town is a peaceful and friendly community. The average two-bedroom rental price in Greenwood is $1,380 per month while the US average for two-bedroom rentals is $1,430 per month. In addition, the Grocery Cost Index in Greenwood stands at 97 compared to 100 on the US Average. In terms of local businesses and attractions, there are many options to choose from in Greenwood. Specifically, local businesses such as Smith's Farm Market and Suburban Propane offer high quality services to the residents of Greenwood. There are also various popular restaurants and stores such as BJ's Restaurant and Brewhouse or Home Depot that can be found nearby. Overall, Greenwood is an ideal place to settle down with its low cost of living and convenient access to all types of amenities that make it great for families or individuals looking for a new place to call home.

Greenwood (zip 22943) has an unemployment rate of 4.3%. The US average is 6.0%.

Greenwood (zip 22943) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.

Tax Rates for Greenwood (zip 22943)
- The Sales Tax Rate for Greenwood (zip 22943) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Greenwood (zip 22943) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Greenwood (zip 22943)
- The average income of a Greenwood (zip 22943) resident is $67,538 a year. The US average is $37,638 a year.
- The Median household income of a Greenwood (zip 22943) resident is $144,615 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreenwood, VirginiaUnited 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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