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Elmwood, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,327
Population
$90,285
Median Income
$153,500
Home Value
39.2
Median Age

Demographics

Elmwood has a population of 2,327 with a median age of 39.2. Here is the racial and ethnic breakdown of the population:

White
97.2%
Hispanic
6.4%
Demographic Value
Total Population2,327
Median Age39.2
White97.2%
Asian0.1%
Hispanic or Latino6.4%
Elmwood, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 104.White: 93.7%Hispanic/Latino: 6.2%Other: 0.1%2,327PopulationWhiteWhite93.7%Hispanic/LatinoHispanic/Latino6.2%OtherOther0.1%

Income & Economy

The median household income in Elmwood is $90,285, which is 12.0% above the national median of $80,610. The per capita income is $39,490. The poverty rate is 10.1%.

$90,285
Median Household Income
$39,490
Per Capita Income
10.1%
Poverty Rate

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Education

In Elmwood, 96.1% of residents age 25+ have a high school diploma or higher, and 37.9% hold a bachelor's degree or higher (11.2% with a graduate or professional degree).

HS Diploma+
96.1%
Bachelor's+
37.9%
Graduate+
11.2%
Education Level % of Adults (25+)
High School Diploma or Higher96.1%
Bachelor's Degree or Higher37.9%
Graduate or Professional Degree11.2%

Housing

The median home value in Elmwood is $153,500, below the national median of $303,400. The median monthly rent is $713. The homeownership rate is 79.7%.

$153,500
Median Home Value
$713/mo
Median Rent
79.7%
Homeownership Rate
Housing Metric Value
Median Home Value$153,500
Median Monthly Rent$713
Homeownership Rate79.7%
Vacancy Rate9.2%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Elmwood, Illinois?
The population of Elmwood, Illinois is 2,327 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elmwood, Illinois?
The median household income in Elmwood, Illinois is $90,285. This is 12.0% above the national median of $80,610.
What is the median home value in Elmwood, Illinois?
The median home value in Elmwood, Illinois is $153,500. The median monthly rent is $713.
What percentage of people in Elmwood have a college degree?
In Elmwood, Illinois, 37.9% of adults age 25 and older hold a bachelor's degree or higher, and 96.1% have a high school diploma or higher.
Is Elmwood, Illinois an affordable place to live?
The home price-to-income ratio in Elmwood, Illinois is 1.7x (median home value $153,500 vs. median income $90,285), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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