Greenwood has the 524th largest population in the United States. The population grew by 8.6% from 2010 to 2015, which was faster than the national average. Greenwood is part of the Indianapolis metro area. Unemployment in the Indianapolis area is 4%, which is lower than the national average, and is getting better. Indianapolis has the 26th largest local economy in the US, and a low cost of living. The average pay for jobs in Greenwood is below average at $45,780, and the median cost of a home in Greenwood is $131,700, which is below the national average. 26% of workers in Greenwood hold a bachelors degree or higher (above average), and 91% 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, 10% carpool, and 6% walk. People in Greenwood spend an average of 25 minutes commuting to work, which is shorter than the national average of 26 minutes.