Choose Country

Greenwood, MN

Minnesota · Metropolitan Area

Greenwood is a small town in Minnesota with a population of 720. Residents earn $199,063 per year, which is 165% above the national average.

4.6 /5.0
A+ Excellent
720 Population 2,000/sq mi density
$199,063 Median Income $149,436 per capita
$1,041,700 Home Value $1,605,732 Zillow
$1,917 Median Rent 45.7% income on rent
45°F Avg Temperature 270 sunny days/yr
A+
Overall
4.6 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$199,063 median income, 2.0% unemployment
B+
Affordability
3.7 / 5.0
$1,041,700 home value, $1,917/mo rent
A+
Education
5.0 / 5.0
79.5% bachelor's degree or higher
Median Income $199,063
165% higher than US avg
Home Value $1,041,700
270% higher than US avg
Bachelor's+ 79.5%
136% higher than US avg
Median Rent $1,917
65% higher than US avg
Obesity Rate 25.5%
21% lower than US avg
Unemployment 2.0%
44% lower than US avg
Poverty Rate 3.6%
71% lower than US avg

How Greenwood Compares to the U.S. Average (100% = U.S. avg)

People

Population720
Median Age48.8 yrs
Density2,000/mi²
Male / Female53% / 47%
Largest GroupWhite 98%
Veterans3.5%

Economy

A+
Median Income$199,063
Per Capita$149,436
Unemployment2.0%
Poverty3.6%
County GDP$7,614M
Commute25 min

Housing

B+
Home Value$1,041,700
Rent$1,917
OwnershipN/A
Zillow$1,605,732
Housing Units335
Rent Burden45.7%

Health

Obesity25.5%
Uninsured5.8%
Smoking10.1%
Depression27.8%
Heart Disease4.3%

Climate

Avg Temp45°F (7°C)
AQI36 (Good)
Rain32.8 in/yr
Sunny Days270/yr
Elevation952 ft (290 m)

Education

A+
Bachelor's+79.5%
High School+100.0%
Graduate+28.6%
School Score6.08

Community

2024 VoteR 52% / D 46%
Commute25 min
Broadband99.3%
Libraries7

Is Greenwood a Good Place to Live?

Based on current data, Greenwood receives an overall livability score of 4.6 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, abundant sunshine. Areas to be aware of include high housing costs. Greenwood stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Greenwood is $199,063, which is significantly higher than the national average — 165% above $75,149. This places Greenwood among higher-income communities. The job market is very strong with unemployment at just 2.0%. Only 3.6% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 25 minutes.

Cost of Living & Housing

The median home value in Greenwood is $1,041,700, making it a premium housing market at 270% above the U.S. median of $281,900. Renters pay a median of $1,917 per month, significantly above the national average of $1,163. The price-to-income ratio of 5.2x means housing costs are stretched relative to local earnings.

Education

Greenwood is a highly educated community — 79.5% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 100.0% have completed high school. Local schools score 6.1/10 in standardized testing, reflecting strong academic performance.

Climate & Weather

Greenwood has a cool climate with an average annual temperature of 45°F. Winters average 14°F in January while summers reach 72°F in July. With 270 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 32.8 inches, including 54.7 inches of snow. Air quality is rated Good with a median AQI of 36.

Greenwood has a population of 720 with a density of 2,000 people per square mile. The median age is 48.8 years, 25% older than the national median of 38.9. The city is predominantly White (97.8%).

Population

720
Total Population
2,000
People / sq mi
48.8yrs
Median Age
25% above US avg
0.4mi²
Land Area

Gender Distribution

Male 52.8%
Female 47.2%

Race & Ethnicity

Greenwood vs U.S. Average

Language Spoken at Home

English Only92.7%
18% above US avg
Spanish7.3%
46% below US avg

Social Characteristics

Greenwood vs U.S. Average

The median household income in Greenwood is $199,063, which is 165% above the national average of $75,149. The unemployment rate is 2.0% (below the 3.6% US average). 3.6% of residents live below the poverty line. Workers commute an average of 25 minutes.

Income: Greenwood vs U.S.

Commute Mode

Income

Median HH Income$199,063
165% above US avg
Per Capita Income$149,436
Avg Weekly Wage$1,297
IRS Avg AGI$131,468

Employment & Poverty

Unemployment2.0%
44% below US avg
Poverty Rate3.6%
71% below US avg
Establishments (County)2,874
County GDP$7,614M

Business (County)

Restaurants188
Healthcare268
Retail232
Manufacturing153

Tax & Cost of Living

Property Tax (IRS)$6,648
90% above US avg
Effective Tax Rate0.64%

Commute & Transportation

Commute Time24.7 min
Drive Alone44.3%
Public Transit0.7%
Work from Home45.5%

Walkability

The median home value in Greenwood is $1,041,700, 270% above the national average. Monthly rent averages $1,917 (65% above US avg). Zillow estimates the typical home value at $1,605,732.

Home Value Sources

Ownership Split

Home Values

Census Median$1,041,700
270% above US avg
Zillow ZHVI$1,605,732

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$1,917
65% above US avg
Rent Burden45.7%

HUD Fair Market Rent

Studio$809
1 Bedroom$899
2 Bedrooms$1,125
3 Bedrooms$1,483
4 Bedrooms$1,698

Ownership & Property

Owner-Occupied90.0%
Housing Units335
Median Year Built1988

Property Tax

Avg Tax (IRS)$6,648
90% above US avg
Effective Rate0.64%
In Greenwood, 25.5% of adults are obese (below the 32.1% national rate). 5.8% of residents lack health insurance. 10.1% are current smokers. 27.8% report depression. 15.6% are physically inactive.

Health Metrics: Greenwood vs U.S. Average (%)

Chronic Conditions

Obesity25.5%
21% below US avg
Diabetes6.2%
Heart Disease4.3%
High Blood Pressure24.7%
Asthma9.6%
COPD3.7%
Cancer7.5%
Stroke2.2%

Behaviors & Mental Health

Smoking10.1%
28% below US avg
Binge Drinking21.2%
Physical Inactivity15.6%
Depression27.8%
Mental Distress14.7%
Physical Distress8.8%
Short Sleep27.0%

Healthcare Access

Insurance Rate98.7%
Uninsured5.8%
33% below US avg
Checkup Rate73.0%
Dental Visits67.5%
Premature Death3,990/100K

Food & Exercise

Food Environment9.8/10
Exercise Access96.8%
Healthcare Facilities268
Greenwood has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. Annual precipitation is 32.8 inches. The area enjoys 270 sunny days per year. Air quality is rated Good with a median AQI of 36.

Temperature

14°F Jan (-10°C) 72°F Jul (22°C)
Annual Average44.6°F
17% below US avg
January Average14°F (-10°C)
July Average72°F (22°C)
Sunny Days270 days/yr

Precipitation & Snow

Annual Rainfall32.8 inches
14% below US avg
Snowfall54.7 inches/yr

Air Quality

AQI Median36.0
RatingGood

Geography

Elevation952 ft (290 m)
Area0.4 sq mi (0.9 km²)
Population Density2,000/sq mi
Coordinates44.9130°N, 93.5540°W
TimezoneAmerica/Chicago
County FIPS27019
It is classified as Metro — 1 million+. 79.5% of residents hold a bachelor's degree or higher (136% above US avg). In the 2024 election, the county voted Republican by a 5.4-point margin. 99.3% of households have broadband internet.

2024 Presidential Election (County)

R 51.7%
D 46.3%

Winner: Republican by 5.4 points

Education

Bachelor's Degree+79.5%
136% above US avg
High School+100.0%
Graduate Degree+28.6%
School Test Score6.08
A+ Education Grade (5.0/5.0)

Urban-Rural Classification

RUCC Code 1Metro — 1 million+
Population Density2,000/sq mi
Total Area0.4 sq mi

Infrastructure & Services

Broadband Access99.3%
Public Libraries7
Healthcare Facilities268
Restaurants188
Retail Stores232

Safety & Disasters

Fatal Crashes (County/yr)9

Commute & Transportation

Avg Commute24.7 min
Drive Alone44.3%
Public Transit0.7%
Work from Home45.5%

Nearby Cities

Excelsior, MN 2,359 pop · 0.9 mi Tonka Bay, MN 1,361 pop · 1.5 mi Deephaven, MN 3,835 pop · 1.8 mi Shorewood, MN 7,679 pop · 2.1 mi Orono, MN 8,205 pop · 3.7 mi Spring Park, MN 1,869 pop · 4.0 mi Chanhassen, MN 26,001 pop · 4.1 mi Wayzata, MN 4,363 pop · 4.3 mi Long Lake, MN 1,710 pop · 4.9 mi Minnetonka, MN 53,256 pop · 4.9 mi Mound, MN 9,176 pop · 5.3 mi Victoria, MN 10,972 pop · 6.2 mi Eden Prairie, MN 63,249 pop · 6.4 mi Chaska, MN 28,146 pop · 7.2 mi
Compare Greenwood with another city: