Living in Greenwood, Nebraska
Cost of living, income, home prices, rent and demographics of Greenwood · Census data 2020–2024
Greenwood has 601 residents with a median age of 31.6. The median household income is $90,774 (19% higher than the Nebraska median), the median home value is $177,000, the median rent is $1,283/month.
Greenwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Greenwood at a glance
- Population
- 601
- Median age
- 31.6State: 37.2
- Median household income
- $90,774State: $76,475
- Median home value
- $177,000State: $238,600
- Median rent
- $1,283/moState: $1,072
- Homeowners
- 84.6%
- Bachelor's degree or higher
- 20.9%
- Average commute
- 24 min
Is Greenwood a good place to live?
Pros: Median household income 19% higher than the Nebraska median; home values 26% lower than the state median.
Cons: An average commute of 24 minutes; unemployment of 3.9%; a poverty rate of 24.2%.
The weather is best in May–June and August–September.
Cost of living in Greenwood
Housing is the biggest part of the cost of living. In Greenwood the median home value is $177,000, 47% lower than the U.S. median. Renters pay a median of $1,283 per month, which is 39.2% of household income. Homeowners with a mortgage pay $1,481 a month in housing costs.
Greenwood median household income
The median household income in Greenwood is $90,774 and the income per person is $37,346. 24.2% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Greenwood: homes for sale and rent
- Housing units
- 235
- Owner-occupied
- 84.6%
- Renter-occupied
- 15.4%
- Vacant
- 6%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.72
Greenwood demographics
- Population
- 601
- Median age
- 31.6
- Under 18
- 25.8%
- 65 and older
- 9.8%
- Households
- 221
- Foreign-born
- 2.5%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Greenwood ›
Education in Greenwood
20.9% of adults 25 and older in Greenwood have a bachelor's degree or higher (Nebraska: 34.6%), and 4% have a graduate or professional degree.
Jobs and commute in Greenwood
- Unemployment rate
- 3.9%State: 3%
- Average commute
- 24 minState: 19 min
- Work from home
- 5.5%
- Drive alone
- 85.9%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 94.6%
Greenwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Greenwood | 601 | $90,774 | $177,000 | $1,283 |
| Waverly | 4,440 | $111,632 | $316,600 | $1,076 |
| Ashland | 3,071 | $89,408 | $249,700 | $866 |
| Alvo | 123 | $113,750 | $187,500 | — |
| Murdock | 228 | $59,167 | $178,100 | $1,000 |
| Memphis | 130 | $73,750 | $168,800 | — |
| Eagle | 1,259 | $76,875 | $172,800 | $1,104 |
| South Bend | 100 | $64,167 | $116,700 | $960 |
| Elmwood | 774 | $76,944 | $194,800 | $743 |
More for people moving to Greenwood
Greenwood ZIP code ›Weather and climate ›Living in Greenwood: FAQ
What is the median household income in Greenwood, NE?
The median household income in Greenwood is $90,774, 19% higher than the Nebraska median of $76,475 (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 $177,000, compared with $238,600 in Nebraska.
How much is rent in Greenwood?
The median gross rent in Greenwood is $1,283 per month, about 39.2% of household income.
Is Greenwood, NE a good place to live?
Pluses: median household income 19% higher than the Nebraska median; home values 26% lower than the state median. Minuses: an average commute of 24 minutes; unemployment of 3.9%; a poverty rate of 24.2%.
What is the median age in Greenwood?
The median age in Greenwood is 31.6 years (Nebraska: 37.2).
How long is the commute in Greenwood?
The average commute to work in Greenwood is 24 minutes; 5.5% of workers work from home.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Greenwood?
20.9% 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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