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Cost of living, pay and housing

42.40° N · 88.38° W · GEOID 1731667

Greenwood

McHenry County, Illinois · part of the Chicago, IL metro

Limited data population under 5,000

IllinoisGreenwood, ILGreenwoodGreenwood

The short answer

Greenwood is home to 502 people. Median household income is $131,250 a year and median rent is $1,366 a month, 12.5% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $415,900, about 3.2x annual median household income.

Median gross rent
$1,366
0% above the median place
Median household income
$131,250
63% above the median place
Median home value
$415,900
30% above the median place
Unemployment
4.7%
4% below the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Greenwood

  • Half the homes were built before 1938, older housing than in 97% of the 2,479 places under 10,000 people we track. It is the lowest of 335 Illinois places.
  • The median rent takes only 12.5% of the median household's income, a smaller share than in 94% of places its size.
  • Owning with a mortgage costs about $1,089 a month more than the median rent, a wider gap than in 89% of places its size.
  • Between the 2019 and 2024 surveys, household income rose 5.9% a year while rent rose 1.3%, so pay gained on rent more than in 86% of places its size.
  • After the median rent, and with prices for everything else adjusted to the US average, the median household has about $112,800 a year left, more than in 84% of places its size.

Rent is light relative to pay, but the county has a FEMA natural hazard risk score of 91 out of 100. Budget for insurance before counting the savings.

01

Moving to Greenwood

McHenry County gains about 4.2 residents per 1,000 a year to moves between counties.

Moved in13,564
Moved out12,384
Net+1,180

Where people come from and where they go, top counties

Cook County, IL4,1121,846+2,266
Lake County, IL2,1341,531+603
Kane County, IL2,0041,406+598
Boone County, IL143273−130

Within Illinois, other states or abroad

Arrivals
Leavers
Within IllinoisOther statesAbroad

Income per tax return

Arrivals$76K
Leavers$80K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of McHenry County; flows under 20 returns are not published.

Who moves here
4.4% of residents arrived from another county in the past year, 0.0% from another state. County figure.
Who arrives and who leaves
Households moving into McHenry County report $76,400 a year in income on average; those leaving, $80,200.
Income you would need
$54,600 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,366 a month; owners with a mortgage pay $2,455 a month including taxes and insurance, on a median home of $415,900.
Getting to work
26 minutes each way on average; 16.1% work from home.
If it is close but not quite
Belle Chasse, LA matches it on character. Compare the two
Moved from another state1
0.0%
below the median place (median 2.0%)
Net movers per 1,000 people8
4.2
above the median place (median -0.6)
Moved here in the past year1
4.4%
23% below the median place
All 5 moving measures
MeasureGreenwoodAmong 6,645 placesVs median
Moved here in the past year1County figure4.4%23% below
Moved from another state10.0%below (median 2.0%)
Net movers per 1,000 people8County figure4.2above (median -0.6)
Income of households moving in8County figure$76,4498% above
Income of households moving out8County figure$80,17414% above
02

What it costs to live here

Median year built is 1938, 2% below the median place.

Greenwood12.5%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$54,640
a year, at the 30% line
Rent to income
12.5%
39% below the median place
Home price to income
3.2x
17% below the median place

Could you afford it?

The median rent would take
13%
comfortably under the 30% line
Left after rent, in US prices
$112,500
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Greenwood, $1,366 a month, and local prices for everything else (101.9 against a US average of 100). It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in Greenwood.

Sponsored · exampleMoving to Greenwood? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Median year built1
1938
2% below the median place
Property tax paid (median)1
$6,435
97% above the median place
Property tax rate1
1.6%
70% above the median place
All 16 cost and housing measures
MeasureGreenwoodAmong 6,645 placesVs median
Median gross rent1$1,3660% above
Rent to income112.5%39% below
Property tax rate11.6%70% above
Home price to income13.2x17% below
Prices vs US average2Metro figure103.63% above
Fair market rent, 2 bedrooms3County figure$2,01125% above
HUD area median income4County figure$121,50013% above
Property tax paid (median)1$6,43597% above
Median home value1$415,90030% above
Home prices, 1-year change5County figure5.8%83% above
Home prices, 5-year change5County figure57.3%11% above
Homeownership174.2%12% above
Renters paying 30%+1County figure50.6%0% below
Owner costs with a mortgage1$2,45531% above
Vacant homes1County figure3.1%56% below
Median year built119382% below
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Median household income1
$131,250
63% above the median place
Income per person1
$48,913
22% above the median place
All 10 work and pay measures
MeasureGreenwoodAmong 6,645 placesVs median
Median household income1$131,25063% above
Income per person1$48,91322% above
Unemployment1County figure4.7%4% below
Average annual pay6County figure$57,10313% below
Pay growth, 1 year6County figure3.6%3% below
Jobs6County figure98,05835% below
Poverty rate1County figure6.2%42% below
Mean commute126 min3% above
Works from home1County figure16.1%29% above
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

High school or higher is 96.9%, 5% above the median place.

High school or higher1
96.9%
5% above the median place
Household size1
2.8
10% above the median place
Population change since 20207
-1.3%
below the median place (median 1.1%)

More about who lives here, against the typical place

Median age41.8 +7%
Homes with broadband94.5% +2%
Bachelor's or higher29.2% −9%
All 9 people measures
MeasureGreenwoodAmong 6,645 placesVs median
Population15026646th largest
Population change since 20207-1.3%below (median 1.1%)
Median age141.87% above
Bachelor's or higher129.2%9% below
High school or higher196.9%5% above
Household size12.810% above
Born abroad1County figure9.9%13% above
No health insurance1County figure4.5%30% below
Homes with broadband194.5%2% above
05

Life in Greenwood

14 sites are on the National Register of Historic Places.

Businesses per 10,000 residents (county figures)

Restaurants and bars20.6 −1%
Shops26.1 −14%
Arts, recreation and fitness4.9 +20%
Doctors' offices and clinics20.2 +0%
Child care centers2.1 −9%

Counts businesses with paid staff, so small owner-run shops are not included.

Public schools11
89
above the median place (median 9)
Public school students11
50,123
above the median place (median 4,897)
Shops per 10k9
26.1
14% below the median place
All 9 schools and local life measures
MeasureGreenwoodAmong 6,645 placesVs median
Public schools11County figure89above (median 9)
Public school students11County figure50,123above (median 4,897)
Students per teacher11County figure13.711% below
Restaurants and bars per 10k9County figure20.61% below
Shops per 10k9County figure26.114% below
Arts, recreation and fitness per 10k9County figure4.920% above
Doctors' offices and clinics per 10k9County figure20.20% above
Child care centers per 10k9County figure2.19% below
National Register listings10County figure148% above
06

Safety, weather and risk

January average low is 14°F, 46% below the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Greenwood. Larger places are fetched first.

January average low12
14°F
46% below the median place
Hurricane risk13
10.3
85% below the median place
Average temperature12
48°F
12% below the median place
All 11 weather and risk measures
MeasureGreenwoodAmong 6,645 placesVs median
July average high12County figure83°F4% below
January average low12County figure14°F46% below
Average temperature12County figure48°F12% below
Annual precipitation12County figure37.4 in15% below
Natural hazard risk13County figure90.82% below
Hurricane risk13County figure10.385% below
Tornado risk13County figure96.318% above
Wildfire risk13County figure31.648% below
Heat wave risk13County figure75.516% below
Median air quality index14County figure422% below
Good air days14County figure67.9%1% below
08

Greenwood in 2030: where the trends point

If recent trends hold, the median rent will take about 12% of the median income in 2030, about the same as 12% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,366/mo (2024)$1,720/mo$1,410 to $2,100/mo+3.9%
Median household income$131,250 (2024)$168,000$142,000 to $199,000+4.2%
Median home value$415,900 (2024)$595,000$432,000 to $820,000+6.2%
Population314 (2025)310300 to 330+0.0%

The median home would be worth 3.5 years of the median income in 2030, against 3.2 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Greenwood

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Belle Chasse, LA$1,485$115,012Compare
Rendon, TX$1,354$117,888Compare
La Plata, MD$1,559$121,208Compare
Hidden Valley, IN$1,380$121,208Compare
Hidden Valley, INLa Plata, MDRendon, TXBelle Chasse, LAGreenwood, ILGreenwoodBelle ChasseRendonLa PlataHidden ValleyGreenwoodBelle ChasseRendonLa PlataHidden Valley

Common questions

Is Greenwood a good place to live?

It depends on what you need, so here is what the numbers say. Half the homes were built before 1938, older housing than in 97% of the 2,479 places under 10,000 people we track. It is the lowest of 335 Illinois places. The median rent takes only 12.5% of the median household's income, a smaller share than in 94% of places its size. See how it ranks with your own weights.

Is Greenwood expensive to live in?

The median rent takes 12.5% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $415,900.

What salary do you need to live in Greenwood?

To rent the median home without spending more than 30% of income on rent, a household needs about $54,640 a year. Work it out from your current city.

What places are similar to Greenwood?

On income, rent, home value, education and age, the closest matches are Belle Chasse, LA, Rendon, TX, La Plata, MD and Hidden Valley, IN.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. Population Estimates · US Census Bureau · Vintage 2025
  8. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  9. County Business Patterns · US Census Bureau · 2023 data
  10. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  11. Common Core of Data · National Center for Education Statistics · 2024 release
  12. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  13. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  14. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Greenwood with places of a similar size, using only figures measured for Greenwood itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/greenwood-illinois

Citytistics. “Greenwood, Illinois.” Data as of 2026-11-14. https://www.citytistics.com/city/greenwood-illinois/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.