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Elwood, New Jersey

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
733
Population
$85,954
Median Income
$208,900
Home Value
59.6
Median Age

Demographics

Elwood has a population of 733 with a median age of 59.6. Here is the racial and ethnic breakdown of the population:

White
49.2%
Hispanic
37.8%
Black
20.6%
Demographic Value
Total Population733
Median Age59.6
White49.2%
Black or African American20.6%
Hispanic or Latino37.8%
Elwood, New Jersey — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 108.White: 45.7%Hispanic/Latino: 35.1%Black: 19.1%733PopulationWhiteWhite45.7%Hispanic/LatinoHispanic/Latino35.1%BlackBlack19.1%

Income & Economy

The median household income in Elwood is $85,954, which is 6.6% above the national median of $80,610. The per capita income is $50,759. The poverty rate is 10.3%.

$85,954
Median Household Income
$50,759
Per Capita Income
10.3%
Poverty Rate

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Education

In Elwood, 64.0% of residents age 25+ have a high school diploma or higher, and 16.5% hold a bachelor's degree or higher (5.3% with a graduate or professional degree).

HS Diploma+
64.0%
Bachelor's+
16.5%
Graduate+
5.3%
Education Level % of Adults (25+)
High School Diploma or Higher64.0%
Bachelor's Degree or Higher16.5%
Graduate or Professional Degree5.3%

Housing

The median home value in Elwood is $208,900, below the national median of $303,400. The homeownership rate is 100.0%.

$208,900
Median Home Value
100.0%
Homeownership Rate
Housing Metric Value
Median Home Value$208,900
Homeownership Rate100.0%

Salaries in New Jersey

Explore salary data for popular occupations in New Jersey:

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Frequently Asked Questions

What is the population of Elwood, New Jersey?
The population of Elwood, New Jersey is 733 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elwood, New Jersey?
The median household income in Elwood, New Jersey is $85,954. This is 6.6% above the national median of $80,610.
What is the median home value in Elwood, New Jersey?
The median home value in Elwood, New Jersey is $208,900.
What percentage of people in Elwood have a college degree?
In Elwood, New Jersey, 16.5% of adults age 25 and older hold a bachelor's degree or higher, and 64.0% have a high school diploma or higher.
Is Elwood, New Jersey an affordable place to live?
The home price-to-income ratio in Elwood, New Jersey is 2.4x (median home value $208,900 vs. median income $85,954), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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