Greenwood township, Minnesota Median Income

Greenwood township, Minnesota has a population of 1,580, with a median household income of $112,400.

Current median income data for Greenwood township.

$112,400

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Population

1,580

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Median Income

$112,400

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Unemployment

2.40%

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Housing Price

$455,000

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Crime Rate

8.10

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Internet Speed

500.00 Mbps

Greenwood township is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Greenwood township, located in Minnesota, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Greenwood township has a population of 1,580, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Greenwood township is $112,400, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Greenwood township average around $455,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Greenwood township is 2.40%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Greenwood township are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Greenwood township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Minnesota, Greenwood township contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Greenwood township

What is the population of Greenwood township?

The population of Greenwood township is approximately 1,580.

Is Greenwood township a good place to live?

Greenwood township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Greenwood township?

The median household income in Greenwood township is around $112,400.

How expensive is housing in Greenwood township?

The average housing price in Greenwood township is approximately $455,000.