Elwood is a city located in Indiana. With a 2020 population of 8,407, it is the 90th largest city in Indiana and the 3480th largest city in the United States. Elwood is currently growing at a rate of 0.02% annually but its population has decreased by -2.40% since the most recent census, which recorded a population of 8,614 in 2010. Elwood reached it's highest population of 12,950 in 1900. Spanning over 4 miles, Elwood has a population density of 2,290 people per square mile.
The average household income in Elwood is $53,790 with a poverty rate of 21.86%. The median rental costs in recent years comes to $711 per month, and the median house value is $64,000. The median age in Elwood is 38.7 years, 38.5 years for males, and 39.2 years for females. For every 100 females there are 91.4 males.