Greenwood has the 2660th largest population in the United States. The population grew by 2.8% from 2010 to 2015, which was faster than the national average. Greenwood is part of the Fort Smith metro area. Unemployment in the Fort Smith area is 4%, which is higher than the national average, and is getting better. Fort Smith has the 191st largest local economy in the US, and a low cost of living. The average pay for jobs in Greenwood is below average at $34,910, and the median cost of a home in Greenwood is $123,100, which is below the national average. 27% of workers in Greenwood hold a bachelors degree or higher (above average), and 93% of workers have a high school degree (above average). Driving to work is especially common in Greenwood. 83% of Greenwood workers drive to work alone, 0% take public transit, 11% carpool, and 4% walk. People in Greenwood spend an average of 21 minutes commuting to work, which is shorter than the national average of 26 minutes.