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Greenwood, MN

Full City Profile · Minnesota · Carver County County

4.1 /5.0
A Great
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
4.1 / 5.0
Strong
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
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
79.5% bachelor's degree or higher

Income Overview

Median Household Income
$199,063
165% above
US avg: $75,149
Per Capita Income
$149,436
283% above
US avg: $39,052
Unemployment Rate
2.0%
44% below
US avg: 3.6%
Poverty Rate
3.6%
71% below
US avg: 12.4%

Income Comparison: Greenwood vs. U.S. Average

Each bar shows Greenwood’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$199,063
265%
Per Capita
US: $39,052
$149,436
383%
IRS Avg AGI
US: $72,000
$131,468
183%
Avg Weekly Wage
US: $1,432
$1,297
91%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,297
9% below US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
45.5%
199% above US avg (15.2%)
Drive Alone
44.3%
39% below US avg (73.2%)
Public Transit
0.7%
86% below US avg (5.0%)
County GDP
$7,614M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 44.3%
Public Transit 0.7%
Work From Home 45.5%
Other 9.5%
Average commute time
25 minutes
US avg: 28 min

Business Landscape

Total Establishments
2,874
Restaurants
188
Healthcare
268
Retail
232
Manufacturing
153

Tax & Financial

IRS Avg Adjusted Gross Income
$131,468
83% above US avg ($72,000)
Avg Property Tax
$6,648
90% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$199,063
Per Capita Income$149,436
IRS Avg Adjusted Gross Income$131,468
Avg Weekly Wage$1,297
County GDP$7,614M

Hardship Indicators

Unemployment Rate2.0%
Poverty Rate3.6%
Gini Coefficient0.415
Cost of Living Index98.6

Commute

Mean Commute25 minutes
Drive Alone44.3%
Public Transit0.7%
Work From Home45.5%

Businesses

Total Establishments2,874
Restaurants188
Healthcare268
Retail232
Manufacturing153

Tax

IRS Avg AGI$131,468
Avg Property Tax$6,648