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 Native American, Asian, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Black or African American

Two or more races

Other race

Native American

Asian

Native Hawaiian or Pacific Islander

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%
Native American	0	0%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%

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