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.
Data after 2023 is projected based on recent change
The racial composition of Elwood includes 95.14% White, and smaller percentages for Two or more races, other race, Black or African American, Asian and multiracial populations.
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% |
Married
Widowed
Divorced
Separated
Never Married
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%.
Name | Median | Mean |
---|---|---|
Married Families | $81,827 | - |
Families | $62,292 | $72,337 |
Households | $54,084 | $63,275 |
Non Families | $38,649 | $40,948 |
Average Income
Median Household Income
Poverty Rate