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CITY

Greenwood

Minnesota · 725 residents (2025 est.) · 0.359 sq mi
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The short version

Greenwood is significantly wealthier than the US average, with a median household income of $215,278. Population has declined 4% since 2000. 81% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has roughly tripled since 2000, reaching $1,240,400. With a median age of 48.7, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 48.7
US median: 38.9
More educated
81% hold a bachelor's degree
US average: 36%
Less affordable
home values up 77%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
699
−4%since 2000
from 729 in 2000
2000 – 2025
Population density
1,947 / sq mi
−4%since 2000
from 2,031 / sq mi in 2000
US average: 281
Median age
48.7
+15%since 2000
from 42.4 in 2000
US average: 38.9

PEP 2025 EST:725 residents (Census Bureau Vintage 2025, released March 2026)

Population, 2000 – 2024
6236687147608052000201020202024Greenwood
2024699
2000201020202024
Section 02

Income & economy

Median household income
$215,278
+15%inflation adjusted, since 2000
from $102,719 in 2000
US average: $82,259
2000 – 2024
Per capita income
$152,440
+141%since 2000
from $63,200 in 2000
US average: $44,673
Households earning $100K+
79.7%
+3.9 ptssince 2009
from 75.8% in 2009
US average: 53.3%
Poverty rate
8.8%
+8.0 ptssince 2000
from 0.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.548
+10%since 2010
from 0.498 in 2010
US average: 0.476
Workforce by industry, 2024
Information14.2%
US avg: 10.8%
Other services13.9%
US avg: 6.7%
Finance & insurance12.7%
US avg: 5.9%
Professional, scientific, technical12.7%
US avg: 5.1%
Public administration10%
US avg: 4.8%
Retail trade6.8%
US avg: 9.9%
Transportation & warehousing4.2%
US avg: 2.2%
Wholesale trade2.2%
US avg: 6.9%
Arts, entertainment, food2.2%
US avg: 1.9%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Manufacturing0.7%
US avg: 0.4%
Construction0%
US avg: 1.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$1,240,400
+77%inflation adjusted, since 2000
from $384,200 in 2000
US average: $376,019
2000 – 2024
Median gross rent
$1,885
+20%inflation adjusted, since 2000
from $861 in 2000
US average: $1,442
Owner-occupied
89.8%
−1.0 ptssince 2000
from 90.9% in 2000
10.2% rent
Vacancy rate
20.2%
+9.7 ptssince 2009
from 10.5% in 2009
US average: 10.0%
Owner cost-burdened
23.0%
−7.6 ptssince 2009
from 30.7% in 2009
US average: 22.9%
Renter cost-burdened
57.7%
+37.2 ptssince 2009
from 20.5% in 2009
US average: 47.4%
Afford Score
5.8
+54%since 2000
from 3.7 in 2000
2000 – 2024
Gentrification Score
63
RELATED:See current rent listings in Greenwood on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic95.9%(699)
Black0.7%(5)
Hispanic / Latino2.5%(18)
Asian0.5%(4)
Other0%
Diversity Score9%(66)
2024
White, non-Hispanic92.3%(645)
Black0.4%(3)
Hispanic / Latino0.7%(5)
Asian4.7%(33)
Other1.9%(13)
Diversity Score18.2%(127)
Diversity Score
18
+102%since 2000
from 9 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
80.6%
+20.1 ptssince 2000
from 60.6% in 2000
US average: 35.6%
High school or higher
98.6%
−0.7 ptssince 2000
from 99.2% in 2000
US average: 89.6%
Graduate degree
21.4%
+0.5 ptssince 2000
from 20.9% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.2 min
+79%since 2000
from 15.2 min in 2000
US average: 26.5
Drive alone to work
33.9%
−47.4 ptssince 2009
from 81.3% in 2009
US average: 68.9%
Carpooled to work
6.6%
+4.2 ptssince 2009
from 2.4% in 2009
US average: 8.5%
Public transit
1.0%
+0.2 ptssince 2009
from 0.8% in 2009
US average: 3.2%
Worked from home
54.5%
+41.2 ptssince 2009
from 13.3% in 2009
US average: 15.0%
Walked to work
1.5%
+0.4 ptssince 2009
from 1.1% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
3.1%
+3.1 ptssince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.7%
−2.8 ptssince 2011
from 4.5% in 2011
US average: 5.2%
Labor force participation
70.9%
+6.7 ptssince 2011
from 64.2% in 2011
US average: 63.5%
Self-employed
3.7%
−4.3 ptssince 2009
from 7.9% in 2009
US average: 13.1%
Management & professional
53.3%
−22.9 ptssince 2009
from 76.2% in 2009
US average: 42.5%
Section 08

People & community

Male
52.8%
+4.5 ptssince 2009
from 48.3% in 2009
Female
47.2%
−4.5 ptssince 2009
from 51.7% in 2009
Foreign born
7.3%
+4.6 ptssince 2009
from 2.7% in 2009
US average: 14.1%
Veterans
3.5%
−46.2 ptssince 2009
from 49.6% in 2009
US average: 6.2%
With a disability
7.0%
+2.6 ptssince 2012
from 4.4% in 2012
US average: 13.3%
Uninsured
1.6%
−95.7 ptssince 2013
from 97.3% in 2013
US average: 8.4%
Broadband at home
99.2%
+4.7 ptssince 2017
from 94.5% in 2017
US average: 91.0%
English only at home
91.9%
−2.3 ptssince 2016
from 94.2% in 2016
US average: 77.7%
Spanish at home
1.4%
−0.4 ptssince 2016
from 1.8% in 2016
US average: 13.6%
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Frequently asked

How many people live in Greenwood, Minnesota?

Greenwood, Minnesota has about 699 residents according to the 2024 American Community Survey.

What is the median household income in Greenwood, Minnesota?

The typical household in Greenwood, Minnesota earns about $215,278 a year. Half of households make more than that, and half make less.

Is Greenwood, Minnesota expensive?

In Greenwood, Minnesota, the median home is worth about $1,240,400, and the typical rent is about $1,885 a month.

How educated are people in Greenwood, Minnesota?

About 80.6% of adults age 25 and over in Greenwood, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Greenwood, Minnesota?

About 8.8% of people in Greenwood, Minnesota live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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