Elwood is a city located in Will County Illinois. With a 2020 population of 2,194, it is the 461st largest city in Illinois and the 7274th largest city in the United States . Elwood is currently declining at a rate of -0.72% annually and its population has decreased by -3.73% since the most recent census, which recorded a population of 2,279 in 2010. Elwood reached it's highest population of 2,281 in 2010. Spanning over 14 miles, Elwood has a population density of 161 people per square mile.
The average household income in Elwood is $88,754 with a poverty rate of 6.29%. The median rental costs in recent years comes to $891 per month, and the median house value is $168,800. The median age in Elwood is 40.7 years, 38.5 years for males, and 43.5 years for females.