Elwood is a village located in Will County, Illinois. Elwood has a 2026 population of 2,259. Elwood is currently growing at a rate of 0.27% annually and its population has increased by 1.53% since the most recent census, which recorded a population of 2,225 in 2020.
The median household income in Elwood is $86,458 with a poverty rate of 8.1%. The median age in Elwood is 41.7 years: 45.3 years for males, and 37 years for females. For every 100 females there are 85.4 males.
Data after 2023 is projected based on recent change
Overall: 41.7 years
Female: 37 years
Male: 45.3 years
There are 1,711 adults, (351 of whom are seniors) in Elwood.
Female: 1,079 (53.9%)
Male: 922 (46.1%)
The racial composition of Elwood includes 84.06% White, 8% Black or African American, 3.25% other race, and smaller percentages for and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 1,682 | 84.06% |
| Black or African American | 160 | 8% |
| Two or more races | 94 | 4.7% |
| Other race | 65 | 3.25% |
Elwood 's average per capita income is $57,841. Household income levels show a median of $86,458. The poverty rate stands at 8.1%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $115,625 | - |
| Families | $99,917 | $121,121 |
| Households | $86,458 | $106,329 |
| Non Families | $66,724 | $71,143 |
Average Income
Median Household Income
Poverty Rate