Elwood

County:: Will County
County Seat:: No
Area (mi²):: 13.646
State:: Illinois

Elwood is a village located in Will County, Illinois. Elwood has a 2025 population of 2,183. Elwood is currently declining at a rate of -0.37% annually and its population has decreased by -1.8% since the most recent census, which recorded a population of 2,223 in 2020.

The average household income in Elwood is $100,380 with a poverty rate of 6.17%.The median age in Elwood is 41.8 years: 41.8 years for males, and 41.3 years for females.

Demographics

The racial composition of Elwood includes 84.59% White, 7.05% Black or African American, 3.5% other race, and smaller percentages for and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	1,811	84.59%
Black or African American	151	7.05%
Two or more races	104	4.86%
Other race	75	3.5%

Elwood Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Elwood's average per capita income is $53,004. Household income levels show a median of $73,640. The poverty rate stands at 6.17%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$99,375	-
Families	$95,556	$122,816
Households	$73,640	$100,380
Non Families	$44,705	$58,300

$53,004

Average Income

$73,640

Median Household Income

6.17%

Poverty Rate