Greenwood, IN
Population 64,237 · Indiana
About Greenwood, IN
Greenwood is a mid-sized city located in Indiana with a population of 64,237 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,765 per year, which is 5% above the national median of $75,149. The median age of 36.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Greenwood features a median home value of $248,700, which is 2% above the national median of $244,900. This positions Greenwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,252, 8% above the national average of $1,163/month. Of the 27,251 total housing units, 61% are owner-occupied (15,705 units) and 39% are renter-occupied (10,068 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Greenwood shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenwood have an average one-way commute time of 24.7 minutes.
Education & Demographics
31.0% of Greenwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.6% White, 1.2% Hispanic or Latino, 1.4% Black or African American, and 1.4% Asian residents, with 9.4% of the population being foreign-born.
How Greenwood Ranks in Indiana
Cost of Living in Greenwood, IN
Compared to national averages, Greenwood has a median household income of $78,765 (5% above the national median of $75,149). Home values average $248,700, which is 2% above the national median. Monthly rent at $1,252 is 8% above the US average of $1,163. Within Indiana, Greenwood's income is 14% above the state average of $69,330, and home values are 52% above the state median of $163,409.
Why Live in Greenwood, IN?
Greenwood offers a strong local economy with a median household income of $78,765, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a low poverty rate of 7.1%, better than the national average. Additionally, the city features short commute times averaging just 24.7 minutes.
Greenwood has a population of 64,237 with a median age of 36.4 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Greenwood
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Muncie | 64,739 | $43,395 | $92,000 | Compare |
| Gary | 68,604 | $37,380 | $85,300 | Compare |
| Kokomo | 59,375 | $54,195 | $126,500 | Compare |
| Terre Haute | 58,491 | $41,960 | $109,500 | Compare |
| Lafayette | 70,650 | $52,946 | $157,600 | Compare |
| Noblesville | 71,940 | $102,319 | $321,800 | Compare |
| Anderson | 54,930 | $47,221 | $104,300 | Compare |
| Elkhart | 53,726 | $47,885 | $126,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Greenwood With Other Cities
Frequently Asked Questions about Greenwood
What is the population of Greenwood, IN?
The population of Greenwood, IN is 64,237 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in Greenwood?
The median household income in Greenwood, IN is $78,765 per year, which is 5% above the national median of $75,149.
What is the median home value in Greenwood?
The median home value in Greenwood, IN is $248,700, which is 2% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Greenwood?
The median monthly rent in Greenwood, IN is $1,252, which is 8% above the national average of $1,163/month.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, IN is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greenwood, IN a good place to live?
Greenwood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 64,237 and a median age of 36.4, the city appeals to a broad range of residents.
How educated is Greenwood, IN?
31.0% of residents in Greenwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Greenwood?
Key cost-of-living indicators for Greenwood, IN: median home value is $248,700 (2% above national), median rent is $1,252/month, and median household income is $78,765. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenwood?
The poverty rate in Greenwood, IN is 7.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Greenwood, IN?
Greenwood's population is 4.6% White, 1.2% Hispanic or Latino, 1.4% Black or African American, 1.4% Asian, and 5.5% two or more races. 9.4% of residents are foreign-born.