Elwood is a city located in Grant County, Madison County, and Tipton County Indiana. Elwood has a 2024 population of 8,442. Elwood is currently growing at a rate of 0.12% annually and its population has increased by 0.45% 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.
According to the most recent ACS, the racial composition of Elwood was:
White
Two or more races
Other race
Black or African American
Asian
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 3,281 | 2.54 | 63.4 | 36.6 |
| Non Family | 1,199 | 1.24 | 52 | 48 |
| Married | 1,171 | 2.95 | 76.9 | 23.1 |
| Female | 637 | 3.62 | 55.7 | 44.3 |
| Male | 274 | 3.89 | 73.7 | 26.3 |
2.99
Average Family Size
2.54
Average Household Size
63.4%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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%.
All
Male
Female
$37,430
Average Earnings
$42,422
Average Male
$31,855
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
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.
rate
16.75%
Overall Poverty Rate
15.7%
Male Poverty Rate
17.73%
Female Poverty Rate
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%.
Married
Widowed
Divorced
Separated
NeverMarried
36.6%
Overall Marriage Rate
39.4%
Male Marriage Rate
33.9%
Female Marriage Rate
male
female
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.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
9.72%
Veteran Poverty Rate
35.51%
Veteran Disability Rate
LaborForceParticipation
66.1%
Labor Force Participation
61.5%
Employment Rate
6.5%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
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
0%
Naturalized
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.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 8,489 | 9 | 0.11% |
| 2028 | 8,480 | 10 | 0.12% |
| 2027 | 8,470 | 9 | 0.11% |
| 2026 | 8,461 | 10 | 0.12% |
| 2025 | 8,451 | 9 | 0.11% |
| 2024 | 8,442 | 10 | 0.12% |
| 2023 | 8,432 | 9 | 0.11% |
| 2022 | 8,423 | 4 | 0.05% |
| 2021 | 8,419 | 15 | 0.18% |
| 2020 | 8,404 | 4 | 0.05% |
| 2019 | 8,400 | -18 | -0.21% |
| 2018 | 8,418 | -24 | -0.28% |
| 2017 | 8,442 | 2 | 0.02% |
| 2016 | 8,440 | -11 | -0.13% |
| 2015 | 8,451 | -34 | -0.4% |
| 2014 | 8,485 | -33 | -0.39% |
| 2013 | 8,518 | -2 | -0.02% |
| 2012 | 8,520 | -36 | -0.42% |
| 2011 | 8,556 | -47 | -0.55% |
| 2010 | 8,603 | -1,134 | -11.65% |
| 2000 | 9,737 | 243 | 2.56% |
| 1990 | 9,494 | -1,373 | -12.63% |
| 1980 | 10,867 | -329 | -2.94% |
| 1970 | 11,196 | -597 | -5.06% |
| 1960 | 11,793 | 431 | 3.79% |
| 1950 | 11,362 | 449 | 4.11% |
| 1940 | 10,913 | 228 | 2.13% |
| 1930 | 10,685 | -105 | -0.97% |
| 1920 | 10,790 | -238 | -2.16% |
| 1910 | 11,028 | -1,922 | -14.84% |
| 1900 | 12,950 | 0 | 0% |