Greenwood, MN
Population 720 · Minnesota
About Greenwood, MN
Greenwood is a small community in Minnesota with a population of 720 residents. The median household income is $199,063 per year, which is above the national average. The median age in Greenwood is 48.8 years.
Housing in Greenwood has a median home value of $1,041,700 and median monthly rent of $1,917. Of the 340 total housing units, the majority are owner-occupied, with 253 owner-occupied and 28 renter-occupied units.
The unemployment rate in Greenwood is 2.8% and the poverty rate is 7.5%. 79.5% of residents hold a bachelor's degree or higher. The average commute time is 24.7 minutes.
How Greenwood Ranks in Minnesota
Cost of Living in Greenwood, MN
Compared to national averages, Greenwood has a median household income of $199,063 (165% above the national median of $75,149). Home values average $1,041,700, which is 325% above the national median. Monthly rent at $1,917 is 65% above the US average of $1,163. Within Minnesota, Greenwood's income is 168% above the state average of $74,221, and home values are 409% above the state median of $204,472.
Why Live in Greenwood, MN?
Greenwood offers a strong local economy with a median household income of $199,063, well above the national average, and a strong job market with an unemployment rate of just 2.8%, and a well-educated community where 79.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.5%, better than the national average, and short commute times averaging just 24.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,041,700. However, Greenwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Greenwood has a population of 720 with a median age of 48.8 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Greenwood
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Walnut Grove | 719 | $59,583 | $81,000 | Compare |
| Sebeka | 716 | $40,179 | $82,900 | Compare |
| Blackduck | 715 | $35,417 | $138,800 | Compare |
| Twin Valley | 725 | $59,250 | $85,000 | Compare |
| Rushford Village | 726 | $92,500 | $286,800 | Compare |
| Marine on St. Croix | 712 | $123,750 | $464,100 | Compare |
| Onamia | 731 | $26,827 | $126,200 | Compare |
| Vineland | 709 | $55,781 | $135,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Greenwood
What is the population of Greenwood, MN?
The population of Greenwood, MN is 720 according to the latest Census data.
What is the median household income in Greenwood?
The median household income in Greenwood, MN is $199,063 per year.
What is the median home value in Greenwood?
The median home value in Greenwood, MN is $1,041,700.
What is the average rent in Greenwood?
The median monthly rent in Greenwood, MN is $1,917.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, MN is 2.8%.