Greenwood, LA
Population 3,123 · Louisiana
About Greenwood, LA
Greenwood is a small town located in Louisiana with a population of 3,123 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,540 per year, which is 19% below the national median of $75,149. The median age of 50 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Greenwood features a median home value of $227,500, which is 7% below 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 $576, 50% below the national average of $1,163/month. Of the 1,477 total housing units, 83% are owner-occupied (1,198 units) and 17% are renter-occupied (251 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenwood shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenwood have an average one-way commute time of 22.7 minutes.
Education & Demographics
26.5% 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 4.1% White, 0.4% Hispanic or Latino, 3.1% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
How Greenwood Ranks in Louisiana
Cost of Living in Greenwood, LA
Compared to national averages, Greenwood has a median household income of $60,540 (19% below the national median of $75,149). Home values average $227,500, which is 7% below the national median. Monthly rent at $576 is 50% below the US average of $1,163. Within Louisiana, Greenwood's income is 11% above the state average of $54,685, and home values are 45% above the state median of $156,619.
Why Live in Greenwood, LA?
Greenwood offers affordable housing with a median home value of $227,500, below the US average of $244,900, and rent that’s lower than the national average at $576/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 2.8%, better than the national average, and short commute times averaging just 22.7 minutes.
Potential considerations include median household income ($60,540) that falls below the national average. However, Greenwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Greenwood has a population of 3,123 with a median age of 50 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Louisiana.
Similar Cities Near Greenwood
Cities in Louisiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ferriday | 3,126 | $27,167 | $86,600 | Compare |
| Lakeshore | 3,111 | $39,958 | $150,900 | Compare |
| Lutcher | 3,051 | $49,769 | $190,300 | Compare |
| South Vacherie | 3,048 | $85,054 | $196,700 | Compare |
| Sunset | 3,026 | $66,684 | $199,400 | Compare |
| Vivian | 3,020 | $22,675 | $55,700 | Compare |
| Vinton | 3,245 | $41,063 | $108,900 | Compare |
| Iowa | 3,246 | $72,868 | $243,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Louisiana
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, LA?
The population of Greenwood, LA is 3,123 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Louisiana.
What is the median household income in Greenwood?
The median household income in Greenwood, LA is $60,540 per year, which is 19% below the national median of $75,149.
What is the median home value in Greenwood?
The median home value in Greenwood, LA is $227,500, which is 7% below 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, LA is $576, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, LA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greenwood, LA a good place to live?
Greenwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,123 and a median age of 50, the city appeals to established professionals and retirees.
How educated is Greenwood, LA?
26.5% 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, LA: median home value is $227,500 (7% below national), median rent is $576/month, and median household income is $60,540. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Greenwood?
The poverty rate in Greenwood, LA is 2.8%, 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, LA?
Greenwood's population is 4.1% White, 0.4% Hispanic or Latino, 3.1% Black or African American, 0.0% Asian, and 38.8% two or more races. 0.6% of residents are foreign-born.