Elwood is a city located in Will County Illinois. With a 2020 population of 2,219, it is the 480th largest city in Illinois and the 10384th largest city in the United States. Elwood is currently declining at a rate of -0.22% annually and its population has decreased by -12.08% since the most recent census, which recorded a population of 2,524 in 2020. Spanning over 14 miles, Elwood has a population density of 162 people per square mile.
The average household income in Elwood is $88,754 with a poverty rate of 8.95%. The median rental costs in recent years comes to $875 per month, and the median house value is $171,200. The median age in Elwood is 40.7 years, 38.5 years for males, and 43.5 years for females.
According to the most recent ACS, the racial composition of Elwoodwas:
Rate of Home Ownership
Average Family Size
Average Household Size
The highest rate of high school graduation is among black people with a rate of 100.00%.
The highest rate of bachelors degrees is among asian people with a rate of 100.00%.
92.19% of Elwood residents speak only English, while 7.81% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 6.89% of the population.
Overall Poverty Rate
Male Poverty Rate
Female Poverty Rate
The race most likely to be in poverty in Elwood is Asian, with 100.00% below the poverty level.
The race least likely to be in poverty in Elwood is Other, with NaN% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 1.08%. Among those working part-time, it was 10.22%, and for those that did not work, the poverty rate was 13.60%.
Number of Veterans
Veteran Poverty Rate
Veteran Disability Rate
Labor Force Participation
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Born in Elwood
98.93% of Elwood residents were born in the United States, with 88.87% having been born in Illinois. 0.16% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.