Greenwood village, Illinois Demographics & Population 2026
As of 2026, Greenwood village, Illinois has a total population of 559, the 902nd largest city in Illinois, with a median household income of $138,750, which is 70% higher than the state average. The poverty rate is 10.0%.
Key Takeaways
- Household income is 70% above the state average — one of the wealthiest communities in Illinois.
- Near full employment with an unemployment rate of just 2.3%.
Greenwood village Quick Facts
How Greenwood village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 60 | National average: 60
Education
Educational Attainment (Adults 25+)
Greenwood village Rankings in Illinois
Explore Illinois Rankings
Cities Similar to Greenwood village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Argyle CDP | 561 | $160,893 | $281,000 | 56.6% | 0.0% |
| St. Rose village | 566 | $114,688 | $203,900 | 21.4% | 8.3% |
| Bedford Park village | 594 | $111,250 | $266,800 | 33.0% | 10.1% |
| Hopewell village | 538 | $105,000 | $185,700 | 35.8% | 2.8% |
| Damiansville village | 578 | $101,094 | $190,600 | 31.1% | 5.1% |
Population Overview
Greenwood village is a small community located in Illinois. The total population is 559. It ranks as the 902nd most populous out of 1,445 cities and towns in Illinois.
Age Demographics
The median age in Greenwood village is 41.7 years. This is 7% higher than the state median of 38.9 years.
Economy, Income & Housing
The median household income in Greenwood village is $138,750. This is 70% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 77% higher. The poverty rate stands at 10.0%. This is 15% lower than the state poverty rate of 11.7%. The unemployment rate is 2.3%. This is 60% lower than the state rate of 5.8%. The median home value is $407,300. Housing costs are 63% higher than the state median of $250,500. With a home-value-to-income ratio of just 2.9x, Greenwood village is one of the most affordable housing markets in the area. 78.9% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 66.8%.
Race & Ethnicity
The largest racial or ethnic group in Greenwood village is White (non-Hispanic), making up 78.7% of the population. Hispanic or Latino residents account for 17.3%. The Asian population (0.2%) is well below the state average of 5.8%.
Education
32.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 14% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.4%.
Data Sources & Methodology
All demographic data for Greenwood village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Greenwood village, Illinois?
Greenwood village, Illinois has a population of 559 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Greenwood village, IL?
The median household income in Greenwood village is $138,750, which is 77% higher the national median of $78,538.
What is the poverty rate in Greenwood village, IL?
The poverty rate in Greenwood village is 10.0%. This means approximately 56 residents live below the federal poverty line.
What is the racial makeup of Greenwood village, Illinois?
Greenwood village's population is 78.7% White, 0.0% Black, 17.3% Hispanic/Latino, and 0.2% Asian.
What is the median home value in Greenwood village, IL?
The median home value in Greenwood village is $407,300. The home-value-to-income ratio is 2.9x.
How educated is Greenwood village, Illinois?
32.1% of adults (25+) in Greenwood village hold a bachelor's degree or higher, and 9.9% hold a graduate or professional degree.