Last updated: 2024 BLS data · Page refreshed:
Elwood has a population of 1,049 with a median age of 36.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,049 |
| Median Age | 36.1 |
| White | 81.1% |
| Black or African American | 4.7% |
| Hispanic or Latino | 11.3% |
| Other / Two or More Races | 2.9% |
The median household income in Elwood is $62,266, which is 22.8% below the national median of $80,610. The per capita income is $24,634. The poverty rate is 15.4%.
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In Elwood, 86.1% of residents age 25+ have a high school diploma or higher, and 7.0% hold a bachelor's degree or higher (3.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 86.1% |
| Bachelor's Degree or Higher | 7.0% |
| Graduate or Professional Degree | 3.0% |
The median home value in Elwood is $88,000, below the national median of $303,400. The median monthly rent is $839. The homeownership rate is 68.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $88,000 |
| Median Monthly Rent | $839 |
| Homeownership Rate | 68.5% |
| Vacancy Rate | 20.0% |
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