Elwood, Indiana Population 2024

8,431

Elwood is a city located in Madison County and Tipton County Indiana. Elwood has a 2024 population of 8,431. Elwood is currently growing at a rate of 0.05% annually and its population has increased by 0.32% since the most recent census, which recorded a population of 8,404 in 2020.

The average household income in Elwood is $60,532 with a poverty rate of 16.75%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Elwood is 40.5 years, 37.8 years for males, and 42.9 years for females.

Elwood Demographics

According to the most recent ACS, the racial composition of Elwood was:

  • White: 96.03%
  • Two or more races: 2.15%
  • Other race: 0.91%
  • Black or African American: 0.77%
  • Asian: 0.14%
  • Native American:
  • Native Hawaiian or Pacific Islander:
State
Indiana
Land Area (mi²)
3.7 sq mi
Density (mi²)
2,296.70/sq mi
Growth Since 2020
0.32% (27)
The current population of Elwood, Indiana is 8,431 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 8,404.

Elwood, Indiana Population 2024

Population by Race

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Race
Population
Percentage (of total)
White8,00896.03%
Two or more races1792.15%
Other race760.91%
Black or African American640.77%
Asian120.14%
Native American
Native Hawaiian or Pacific Islander
showing: 7 rows

White

Two or more races

Other race

Black or African American

Asian

Native American

Native Hawaiian or Pacific Islander

Elwood Population by Race

Elwood Population Pyramid 2024

Elwood Median Age

40.5

Total

37.8

Male

42.9

Female

Elwood Adults

There are 6,423 adults, (1,250 of whom are seniors) in Elwood.

Elwood Age Dependency

61.2

Age Dependency Ratio

24.2

Old Age Dependency Ratio

37

Child Dependency Ratio

Elwood Sex Ratio

Female4,35952.27%
Male3,98047.73%

Elwood Population by Age

Elwood Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All3,2812.5463.436.6
Non Family1,1991.245248
Married1,1712.9576.923.1
Female6373.6255.744.3
Male2743.8973.726.3
showing: 5 rows

2.99

Average Family Size

2.54

Average Household Size

63.4%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Elwood Households and Families

Male

Female

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Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Elwood Educational Attainment by Sex (over 25)

Elwood Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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The highest rate of high school graduation is among other race people with a rate of 100%.

The highest rate of bachelors degrees is among hispanic people with a rate of 33.59%.

Elwood Educational Attainment by Race

All

Male

Female

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$37,430

Average Earnings

$42,422

Average Male

$31,855

Average Female

Elwood Earnings by Educational Attainment

Elwood Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Elwood Language

97.85% of Elwood residents speak only English, while 2.15% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 1.53% of the population.

Elwood Language

Elwood Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White7,6621,33617.44%
Multiple1652414.55%
Other7633.95%
Hispanic27231.1%
Black6311.59%
showing: 5 rows

16.75%

Overall Poverty Rate

15.7%

Male Poverty Rate

17.73%

Female Poverty Rate

Poverty in Elwood

The race most likely to be in poverty in Elwood is White, with 17.44% below the poverty level.

The race least likely to be in poverty in Elwood is Hispanic, with 1.1% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.88%. Among those working part-time, it was 16.19%, and for those that did not work, the poverty rate was 30.62%.

Elwood Poverty

rate

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Rate
Poverty
Less Than 9th Grade27.1%
Bachelors or Greater16.23%
High School14.59%
Some College8.67%
showing: 4 rows

Elwood Poverty Rate by Education

rate

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Rate
Poverty
Male Unemployed23.88%
Female Unemployed18.29%
Female Employed7.08%
Male Employed3.95%
showing: 4 rows

Elwood Poverty Rate by Employment Status and Sex

Elwood Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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mean

median

Income by Household Type

Elwood Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

36.6%

Overall Marriage Rate

39.4%

Male Marriage Rate

33.9%

Female Marriage Rate

Elwood Married by Age and Sex

male

female

Elwood Marriage

The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 55-64.

Elwood Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Elwood Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

535

Number of Veterans

528

Male Veterans

7

Female Veterans

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Elwood Veterans by War

count

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Elwood Veterans by Age

count

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Elwood Veterans by Race

Elwood Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

9.72%

Veteran Poverty Rate

35.51%

Veteran Disability Rate

Elwood Veterans by Education

LaborForceParticipation

66.1%

Labor Force Participation

61.5%

Employment Rate

6.5%

Unemployment Rate

Elwood Employment by Age

LaborForceParticipation

Elwood Employment by Race

LaborForceParticipation

Elwood Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

83.52%

Born in Elwood

99.68%

Native Born

0.32%

Foreign Born

0.32%

Non Citizen

Naturalized

Place of Birth

99.68% of Elwood residents were born in the United States, with 83.52% having been born in Indiana. 0.32% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Elwood Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20298,45140.05%
20288,44740.05%
20278,44340.05%
20268,43940.05%
20258,43540.05%
20248,43140.05%
20238,42740.05%
20228,42340.05%
20218,419150.18%
20208,40440.05%
20198,400-18-0.21%
20188,418-24-0.28%
20178,44220.02%
20168,440-11-0.13%
20158,451-34-0.4%
20148,485-33-0.39%
20138,518-2-0.02%
20128,520-36-0.42%
20118,556-47-0.55%
20108,603-1,134-11.65%
20009,7372432.56%
19909,494-1,373-12.63%
198010,867-329-2.94%
197011,196-597-5.06%
196011,7934313.79%
195011,3624494.11%
194010,9132282.13%
193010,685-105-0.97%
192010,790-238-2.16%
191011,028-1,922-14.84%
190012,950
showing: 31 rows

Elwood Population by Year