Last updated: 2024 BLS data · Page refreshed:
Elwood has a population of 2,001 with a median age of 41.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,001 |
| Median Age | 41.7 |
| White | 84.1% |
| Black or African American | 8.0% |
| Hispanic or Latino | 12.4% |
The median household income in Elwood is $86,458, which is 7.3% above the national median of $80,610. The per capita income is $45,722. The poverty rate is 8.1%.
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In Elwood, 96.7% of residents age 25+ have a high school diploma or higher, and 16.8% hold a bachelor's degree or higher (5.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.7% |
| Bachelor's Degree or Higher | 16.8% |
| Graduate or Professional Degree | 5.0% |
The median home value in Elwood is $237,500, below the national median of $303,400. The median monthly rent is $1,201. The homeownership rate is 78.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $237,500 |
| Median Monthly Rent | $1,201 |
| Homeownership Rate | 78.9% |
| Vacancy Rate | 8.2% |
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