Greenwood, PA
Population 3,017 · Pennsylvania
About Greenwood, PA
Greenwood is a small town located in Pennsylvania with a population of 3,017 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,661 per year, which is 10% below the national median of $75,149. The median age of 39.8 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 $149,600, which is 39% 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 $1,176, 1% above the national average of $1,163/month. Of the 1,390 total housing units, 75% are owner-occupied (898 units) and 25% are renter-occupied (292 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenwood shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenwood have an average one-way commute time of 20.6 minutes.
Education & Demographics
34.0% 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 0.0% White, 3.4% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Greenwood, PA
Compared to national averages, Greenwood has a median household income of $67,661 (10% below the national median of $75,149). Home values average $149,600, which is 39% below the national median. Monthly rent at $1,176 is 1% above the US average of $1,163. Within Pennsylvania, Greenwood's income is 8% below the state average of $73,376, and home values are 22% below the state median of $190,903.
Why Live in Greenwood, PA?
Greenwood offers affordable housing with a median home value of $149,600, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.7%, and a well-educated community where 34.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.6%, better than the national average, and short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($67,661) 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 3,017 with a median age of 39.8 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Greenwood
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairview | 3,014 | $84,191 | $209,500 | Compare |
| Mansfield | 3,014 | $46,250 | $179,600 | Compare |
| Mountville | 3,006 | $92,917 | $265,100 | Compare |
| Orwigsburg | 3,004 | $80,000 | $194,200 | Compare |
| Hokendauqua | 3,037 | $81,627 | $253,300 | Compare |
| Kenhorst | 2,987 | $90,543 | $180,900 | Compare |
| Girard | 2,979 | $72,481 | $168,100 | Compare |
| Upland | 3,056 | $60,200 | $173,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Greenwood, PA is 3,017 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Greenwood?
The median household income in Greenwood, PA is $67,661 per year, which is 10% below the national median of $75,149.
What is the median home value in Greenwood?
The median home value in Greenwood, PA is $149,600, which is 39% 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, PA is $1,176, which is 1% above the national average of $1,163/month.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, PA is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greenwood, PA a good place to live?
Greenwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,017 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Greenwood, PA?
34.0% of residents in Greenwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Greenwood?
Key cost-of-living indicators for Greenwood, PA: median home value is $149,600 (39% below national), median rent is $1,176/month, and median household income is $67,661. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenwood?
The poverty rate in Greenwood, PA is 3.6%, 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, PA?
Greenwood's population is 0.0% White, 3.4% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 9.4% two or more races. 3.9% of residents are foreign-born.