Median Income
$197,000
household / year
Median Home Value
$1,077,600
owner-occupied
Median Rent
$1,808
gross / month
Cost of Living
104
national avg = 100

Is Greenwood, MN a Good Place to Live?

Greenwood is a small town of 742 in Minnesota, with a median household income of $197,000 and a 3.8% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Greenwood stands out for a well-educated population.

Trade-offs: Potential downsides include high home prices. Whether Greenwood is right for you depends on your priorities — the full breakdown is below.

All Greenwood city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 104.5

Greenwood's overall cost of living index is 104.5, where 100 represents the US national average. Living in Greenwood costs roughly 4% more than the average American city.

Metric Greenwood, MN National Avg
Median Home Value $1,077,600 $244,900
Median Monthly Rent $1,808 $1,163
Homeownership Rate 91.3% 65.9%
Median Household Income $197,000 $74,755

Crime & Safety

Near National Average

Greenwood's violent crime rate is 505.0 per 100,000 residents — 33% higher than the national average of ~380 per 100,000.

Violent Crime
505.0 /100k
Property Crime
2928.6 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Greenwood, MN National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 79.6% 35.4%
High School Diploma or Higher 100.0% 91.1%

Weather & Climate

Greenwood sees average highs of 22.4°F in January and 81.4°F in July, with 32.8 inches of annual precipitation and 54.7 inches of snow per year.

MetricGreenwood, MN
Average High — January22.4°F
Average High — July81.4°F
Annual Precipitation32.8"
Annual Snowfall54.7"

Demographics

MetricGreenwood, MNNational Avg
Population742—
Median Age48.638.9
Unemployment Rate3.8%3.7%
Avg Commute Time28.6 min26 min
White (non-Hispanic)96.1%59.3%
Black or African American0.4%13.6%
Hispanic or Latino0.0%18.9%
Asian0.1%6.3%
Under 1819.4%22.2%
65 and over17.4%16.8%

Nearby Cities

Excelsior, MN 1 mi Tonka Bay, MN 2 mi Deephaven, MN 2 mi Shorewood, MN 2 mi Minnetonka Beach, MN 2 mi

Greenwood vs Other Cities

Greenwood, MN vs Excelsior, MN Greenwood, MN vs Tonka Bay, MN Greenwood, MN vs Deephaven, MN Greenwood, MN vs Shorewood, MN Greenwood, MN vs Minnetonka Beach, MN

Frequently Asked Questions

Greenwood's cost of living index is 104, where 100 is the national average. That puts Greenwood roughly 4% above the national average in cost. The median home price is $1,077,600 and median rent is $1,808/month.
Greenwood's violent crime rate is 505.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2928.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Greenwood, MN has a population of 742, a median household income of $197,000, and an unemployment rate of 3.8%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Greenwood averages 22.4°F in January and 81.4°F in July. Annual rainfall is 32.8 inches with about 54.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Greenwood, Minnesota is 742 with a median age of 48.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Greenwood: cost of living index 104 (100 = US average), median home $1,077,600, median household income $197,000, crime index 136 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Greenwood side by side with your current city to see the trade-offs.