Elwood is located in Will County, Illinois. Elwood has a 2025 population of 1,375 . Elwood is currently declining at a rate of -0.65% annually and its population has decreased by -4.84% since the most recent census, which recorded a population of 1,445 in 2020.
The average household income in Elwood is $69,656 with a poverty rate of 8.07%. The median age in Elwood is 41.3 years: 41.5 years for males, and 40.2 years for females. For every 100 females there are 97.0 males.
Data after 2023 is projected based on recent change
The racial composition of Elwood includes 93.31% White, and smaller percentages for other race, Black or African American, Asian and multiracial populations.
White (93.31%)
Two or more races (3.09%)
Other race (2.57%)
Black or African American (0.96%)
Asian (0.07%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 1,270 | 93.31% |
| Two or more races | 42 | 3.09% |
| Other race | 35 | 2.57% |
| Black or African American | 13 | 0.96% |
| Asian | 1 | 0.07% |
Married
Widowed
Divorced
Separated
Never Married
Elwood's average per capita income is $45,000. Household income levels show a median of $51,793. The poverty rate stands at 8.07%.
Name | Median | Mean |
|---|---|---|
| Married Families | $95,938 | - |
| Families | $70,179 | $84,902 |
| Households | $51,793 | $69,656 |
| Non Families | $30,833 | $44,273 |
Average Income
Median Household Income
Poverty Rate