Elwood vs Fairmont

A side-by-side comparison of Elwood and Fairmont: population, income, housing, and more.

Elwood and Fairmont are places in Illinois. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Fairmont has the higher population (2,409 vs 2,141 in Elwood). Elwood has the higher median household income ($73,640 vs $59,244 in Fairmont). Elwood has the higher median home value ($224,900 vs $147,400 in Fairmont).

Population, income & housing

	Elwood	Fairmont
Population	2,141	2,409
Median age	41.8 yrs	31.3 yrs
Median household income	$73,640	$59,244
Median home value	$224,900	$147,400
Median gross rent	$986	$1,372
Housing units	966	969
Homeownership rate	78.3%	63.0%
Bachelor's degree or higher	14.7%	17.2%
Unemployment rate	2.5%	8.7%

Trends (ACS 5-year, 2019–2023)

	Elwood	Fairmont
Population	2,367 → 2,141 (-9.5%)	2,699 → 2,409 (-10.7%)
Median household income	$79,054 → $73,640 (-6.8%)	$47,031 → $59,244 (+26.0%)
Median home value	$168,800 → $224,900 (+33.2%)	$105,300 → $147,400 (+40.0%)
Median gross rent	$891 → $986 (+10.7%)	$1,127 → $1,372 (+21.7%)

Elwood

Population

2,3672,141

Median household income

$79,054$73,640

Median home value

$168,800$224,900

Median gross rent

$891$986

Fairmont

Population

2,6992,409

Median household income

$47,031$59,244

Median home value

$105,300$147,400

Median gross rent

$1,127$1,372

Age & race/ethnicity

Age distribution (share)

	Elwood	Fairmont
Under 5	5.7%	4.8%
5 to 17	9.4%	25.4%
18 to 24	6.8%	9.0%
25 to 34	20.0%	16.0%
35 to 44	10.4%	12.2%
45 to 54	9.5%	12.7%
55 to 64	21.2%	8.6%
65 to 74	9.9%	6.0%
75 and over	7.1%	5.3%

Race & ethnicity (share)

	Elwood	Fairmont
White (non-Hispanic)	80.4%	21.4%
Black or African American	6.2%	25.9%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.2%
Some other race	0.3%	0.0%
Two or more races	0.2%	1.1%
Hispanic or Latino	12.9%	51.5%

Educational attainment (age 25+)

Share of adults 25+

	Elwood	Fairmont
No high school diploma	4.4%	20.5%
High school graduate	42.9%	29.9%
Some college or associate's	38.0%	32.4%
Bachelor's degree	9.2%	12.8%
Graduate or professional degree	5.5%	4.4%

Commute to work

How workers get to work (share)

	Elwood	Fairmont
Drove alone	81.0%	70.3%
Carpooled	8.9%	24.2%
Public transit	0.9%	0.0%
Walked	0.0%	0.0%
Bicycle	0.0%	0.2%
Worked from home	7.9%	4.6%
Other means	1.2%	0.7%

Housing

Units in structure (share)

	Elwood	Fairmont
1-unit, detached	62.6%	91.3%
1-unit, attached	17.7%	1.3%
2 to 4 units	10.5%	5.9%
5 to 19 units	1.4%	0.7%
20 or more units	0.0%	0.7%
Mobile home & other	7.8%	0.0%

Poverty & households

	Elwood	Fairmont
Poverty rate	6.2%	17.0%
Average household size	2.32	2.95
Mean commute (minutes)	30	23
Median year structure built	1991	1958