Greenwood city, Minnesota Demographics & Population 2026
As of 2026, Greenwood city, Minnesota has a total population of 720, the 419th largest city in Minnesota, with a median household income of $199,063, which is 127% higher than the state average. The poverty rate is 7.5%.
Key Takeaways
- Household income is 127% above the state average — one of the wealthiest communities in Minnesota.
- 79.5% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
Greenwood city Quick Facts
How Greenwood city 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: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Greenwood city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis city | 426,845 | $80,269 | 16.4% | $345,600 |
| Bloomington city | 88,838 | $90,677 | 9.1% | $346,200 |
| Brooklyn Park city | 84,349 | $85,964 | 10.3% | $313,500 |
| Plymouth city | 79,526 | $133,865 | 4.1% | $474,700 |
| Maple Grove city | 70,539 | $129,481 | 3.9% | $397,400 |
| Eden Prairie city | 63,249 | $127,732 | 6.0% | $463,300 |
| Minnetonka city | 53,256 | $120,496 | 4.8% | $456,200 |
| Edina city | 53,125 | $129,225 | 4.4% | $624,000 |
| St. Louis Park city | 49,541 | $100,250 | 7.3% | $371,600 |
| Richfield city | 36,725 | $84,055 | 7.3% | $320,400 |
Cities Similar to Greenwood city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Ponemah CDP | 740 | N/A | N/A | 0.0% | 22.4% |
| Marine on St. Croix city | 712 | $123,750 | $464,100 | 69.7% | 2.5% |
| Sunfish Lake city | 594 | $250,001 | $1,109,000 | 76.9% | 0.5% |
| Warsaw CDP | 690 | $115,313 | $255,000 | 25.7% | 4.8% |
| Sabin city | 657 | $123,750 | $247,300 | 32.4% | 1.1% |
Population Overview
Greenwood city is a small community located in Minnesota, within Hennepin County. The total population is 720. It ranks as the 419th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Greenwood city is 48.8 years. This is 26% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Greenwood city is $199,063. This is 127% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 153% higher. The poverty rate stands at 7.5%. This is 18% lower than the state poverty rate of 9.2%. The unemployment rate is 2.8%. This is 30% lower than the state rate of 3.9%. The median home value is $1,041,700. Housing costs are 241% higher than the state median of $305,500. The home-value-to-income ratio is 5.2x. 90.0% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 72.4%.
Race & Ethnicity
Greenwood city has a predominantly White (non-Hispanic) population, comprising 97.8% of all residents. Black or African American residents account for 0.4%. The Black or African American population (0.4%) is well below the state average of 6.7%. The Hispanic or Latino population (0.3%) is well below the state average of 6.2%. The Asian population (0.1%) is well below the state average of 5.0%.
Education
79.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Greenwood city in the top 10% of all cities in the state for educational attainment. This is 105% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 100.0%. Notably, 25.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Greenwood city, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Greenwood city, Minnesota?
Greenwood city, Minnesota has a population of 720 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Greenwood city, MN?
The median household income in Greenwood city is $199,063, which is 153% higher the national median of $78,538.
What is the poverty rate in Greenwood city, MN?
The poverty rate in Greenwood city is 7.5%. This means approximately 53 residents live below the federal poverty line.
What is the racial makeup of Greenwood city, Minnesota?
Greenwood city's population is 97.8% White, 0.4% Black, 0.3% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Greenwood city, MN?
The median home value in Greenwood city is $1,041,700. The home-value-to-income ratio is 5.2x.
How educated is Greenwood city, Minnesota?
79.5% of adults (25+) in Greenwood city hold a bachelor's degree or higher, and 25.8% hold a graduate or professional degree.