Living in Greenwood, Indiana
Cost of living, income, home prices, rent and demographics of Greenwood · Census data 2020–2024
Greenwood has 66,029 residents with a median age of 36.4. The median household income is $83,608 (16% higher than the Indiana median), the median home value is $276,100, the median rent is $1,312/month.
Greenwood at a glance
- Population
- 66,029
- Median age
- 36.4State: 38.1
- Median household income
- $83,608State: $71,957
- Median home value
- $276,100State: $218,200
- Median rent
- $1,312/moState: $1,062
- Homeowners
- 59.3%
- Bachelor's degree or higher
- 33.4%
- Average commute
- 25 min
Is Greenwood a good place to live?
Pros: Median household income 16% higher than the Indiana median; unemployment of 2.6%; a poverty rate of 7.4%.
Cons: Home values 27% higher than the state median; an average commute of 25 minutes.
The weather is best in June to September.
Cost of living in Greenwood
Housing is the biggest part of the cost of living. In Greenwood the median home value is $276,100, 17% lower than the U.S. median. Renters pay a median of $1,312 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,525 a month in housing costs.
Greenwood median household income
The median household income in Greenwood is $83,608 and the income per person is $40,074. 7.4% of residents live below the poverty line (Indiana: 12.3%).
Housing in Greenwood: homes for sale and rent
- Housing units
- 27,721
- Owner-occupied
- 59.3%
- Renter-occupied
- 40.7%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 2.47
Greenwood demographics
- Population
- 66,029
- Median age
- 36.4
- Under 18
- 23.5%
- 65 and older
- 15.3%
- Households
- 26,415
- Foreign-born
- 9.8%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Greenwood ›
Education in Greenwood
33.4% of adults 25 and older in Greenwood have a bachelor's degree or higher (Indiana: 29.5%), and 13.7% have a graduate or professional degree.
Jobs and commute in Greenwood
- Unemployment rate
- 2.6%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 12%
- Drive alone
- 77.7%
- Public transit
- 0.4%
- Walk to work
- 1.1%
- Homes with broadband
- 94.1%
Greenwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Greenwood | 66,029 | $83,608 | $276,100 | $1,312 |
| New Whiteland | 5,704 | $89,918 | $211,800 | $1,465 |
| Whiteland | 5,173 | $96,944 | $232,100 | $1,661 |
| Southport | 1,975 | $71,058 | $206,300 | $1,029 |
| Homecroft | 854 | $78,942 | $231,600 | — |
| Bargersville | 10,752 | $114,231 | $438,900 | $1,379 |
| Beech Grove | 14,913 | $49,973 | $182,600 | $1,091 |
| Franklin | 26,168 | $82,380 | $231,500 | $1,186 |
| Waverly | 967 | $49,063 | $238,800 | $1,051 |
More for people moving to Greenwood
Greenwood ZIP code ›Weather and climate ›Living in Greenwood: FAQ
What is the median household income in Greenwood, IN?
The median household income in Greenwood is $83,608, 16% higher than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Greenwood?
The median home value in Greenwood is $276,100, compared with $218,200 in Indiana.
How much is rent in Greenwood?
The median gross rent in Greenwood is $1,312 per month, about 26.3% of household income.
Is Greenwood, IN a good place to live?
Pluses: median household income 16% higher than the Indiana median; unemployment of 2.6%; a poverty rate of 7.4%. Minuses: home values 27% higher than the state median; an average commute of 25 minutes.
What is the median age in Greenwood?
The median age in Greenwood is 36.4 years (Indiana: 38.1).
How long is the commute in Greenwood?
The average commute to work in Greenwood is 25 minutes; 12% of workers work from home.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Greenwood?
33.4% of adults in Greenwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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