Last updated: 2024 BLS data · Page refreshed:
Elwood has a population of 8,356 with a median age of 43.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 8,356 |
| Median Age | 43.5 |
| White | 92.9% |
| Black or African American | 0.7% |
| Asian | 0.3% |
| Hispanic or Latino | 3.5% |
| Other / Two or More Races | 2.6% |
The median household income in Elwood is $53,280, which is 33.9% below the national median of $80,610. The per capita income is $27,101. The poverty rate is 19.5%.
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In Elwood, 92.3% of residents age 25+ have a high school diploma or higher, and 8.3% hold a bachelor's degree or higher (1.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.3% |
| Bachelor's Degree or Higher | 8.3% |
| Graduate or Professional Degree | 1.9% |
The median home value in Elwood is $97,800, below the national median of $303,400. The median monthly rent is $860. The homeownership rate is 65.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $97,800 |
| Median Monthly Rent | $860 |
| Homeownership Rate | 65.2% |
| Vacancy Rate | 12.3% |
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