Greenwood, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Greenwood, Illinois had a total population of 502, the 931st largest village in Illinois, with a median household income of $131,250, which is 57% higher than the state average. The poverty rate is 12.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 57% above the state average — one of the wealthiest communities in Illinois.
- Near full employment with an unemployment rate of just 2.2%.
Greenwood Quick Facts
How Greenwood Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 559 | 502 | -10.2% |
| Median household income | $138,750 | $131,250 | -5.4% |
| Median home value | $407,300 | $415,900 | +2.1% |
How Greenwood Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Greenwood Rankings in Illinois
Explore Illinois Rankings
Other Cities in McHenry County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Crystal Lake | 40,579 | $108,418 | 6.8% | $311,400 |
| Lake in the Hills | 28,800 | $117,151 | 4.1% | $321,900 |
| McHenry | 28,074 | $86,315 | 4.7% | $266,500 |
| Woodstock | 26,147 | $82,758 | 6.0% | $245,700 |
| Cary | 17,923 | $113,026 | 4.8% | $309,800 |
| Harvard | 9,598 | $67,617 | 11.8% | $175,400 |
| Marengo | 7,040 | $73,523 | 15.7% | $229,900 |
| Johnsburg | 6,386 | $121,023 | 12.1% | $328,300 |
| Spring Grove | 5,917 | $134,210 | 1.4% | $398,400 |
| Lakewood | 4,707 | $173,625 | 3.5% | $552,600 |
Cities Similar to Greenwood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Olive Branch | 499 | N/A | $61,500 | 3.0% | 30.1% |
| Moro | 524 | $133,462 | $255,600 | 40.5% | 1.7% |
| Rock Island Arsenal | 470 | N/A | N/A | 23.8% | 0.0% |
| Plum Valley | 520 | $142,169 | $339,200 | 56.8% | 1.4% |
| Elkhart | 533 | $108,594 | $121,600 | 28.7% | 4.9% |
A note before these figures: with a population of 502, Greenwood's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Greenwood is a small community located in Illinois, within McHenry County. The total population is 502. It ranks as the 931st most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Greenwood is 41.8 years. This is 7% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Greenwood is $131,250. This is 57% higher than the state median of $83,390. It is also 63% higher than the national median of $80,734. The poverty rate stands at 12.6%. This is 6% higher than the state poverty rate of 11.8%. The unemployment rate is 2.2%. This is 62% lower than the state rate of 5.8%. The median home value is $415,900. Housing costs are 58% higher than the state median of $263,300. The home-value-to-income ratio is 3.2x. 74.2% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Greenwood is White (non-Hispanic), making up 83.7% of the population. Hispanic or Latino residents account for 11.0%. The Asian population (1.6%) is well below the state average of 5.9%.
Education
29.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 23% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.9%.
Data Sources & Methodology
All demographic data for Greenwood, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Greenwood, Illinois?
Greenwood, Illinois has a population of 502 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Greenwood, IL?
The median household income in Greenwood is $131,250, which is 63% higher than the national median of $80,734.
What is the poverty rate in Greenwood, IL?
The poverty rate in Greenwood is 12.6%. This means approximately 63 residents live below the federal poverty line.
What is the racial makeup of Greenwood, Illinois?
Greenwood's population is 83.7% White, 0.0% Black, 11.0% Hispanic/Latino, and 1.6% Asian.
What is the median home value in Greenwood, IL?
The median home value in Greenwood is $415,900. The home-value-to-income ratio is 3.2x.
How educated is Greenwood, Illinois?
29.2% of adults (25+) in Greenwood hold a bachelor's degree or higher, and 7.6% hold a graduate or professional degree.