Elwood

County:: Madison County
County Seat:: No
Area (mi²):: 3.968
State:: Indiana

Elwood is a city located in Madison County, Indiana. Elwood has a 2025 population of 8,436. Elwood is currently growing at a rate of 0.08% annually and its population has increased by 0.39% since the most recent census, which recorded a population of 8,403 in 2020.

The average household income in Elwood is $63,275 with a poverty rate of 14.58%. The median age in Elwood is 43.7 years: 42.9 years for males, and 44.1 years for females.

Demographics

The racial composition of Elwood includes 95.14% White, and smaller percentages for Two or more races, other race, Black or African American, Asian, Native American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Other race

Black or African American

Asian

Native American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	7,916	95.14%
Two or more races	220	2.64%
Other race	90	1.08%
Black or African American	50	0.6%
Asian	44	0.53%
Native American	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 $40,297. Household income levels show a median of $54,084. The poverty rate stands at 14.58%.

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	$81,827	-
Families	$62,292	$72,337
Households	$54,084	$63,275
Non Families	$38,649	$40,948

$40,297

Average Income

$54,084

Median Household Income

14.58%

Poverty Rate