Elwood is a city located in Madison County, Indiana. Elwood has a 2026 population of 8,539. Elwood is currently growing at a rate of 0.26% annually and its population has increased by 1.57% since the most recent census, which recorded a population of 8,407 in 2020.
The median household income in Elwood is $53,280 with a poverty rate of 19.49%. The median age in Elwood is 43.5 years: 40.5 years for males, and 44.3 years for females. For every 100 females there are 97.0 males.
Data after 2023 is projected based on recent change
Overall: 43.5 years
Female: 44.3 years
Male: 40.5 years
There are 6,679 adults, (1,285 of whom are seniors) in Elwood.
Female: 4,241 (50.8%)
Male: 4,115 (49.2%)
The racial composition of Elwood includes 92.9% White, and smaller percentages for other race, Black or African American, Asian and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 7,763 | 92.9% |
| Two or more races | 417 | 4.99% |
| Other race | 93 | 1.11% |
| Black or African American | 61 | 0.73% |
| Asian | 22 | 0.26% |
Elwood 's average per capita income is $39,265. Household income levels show a median of $53,280. The poverty rate stands at 19.49%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $82,174 | - |
| Families | $61,144 | $69,822 |
| Households | $53,280 | $62,151 |
| Non Families | $36,845 | $42,040 |
Average Income
Median Household Income
Poverty Rate