Elwood

Population: 2,141
Median household income: $73,640
Median home value: $224,900

Elwood, a community in Will County, Illinois, has 2,141 residents. The median household income of $73,640 is below the Will County median ($107,799).

From 2019 to 2023, Elwood's population declined 9.5% from 2,367 to 2,141, while its median home value rose 33.2% from $168,800 to $224,900.

White (non-Hispanic) residents are the largest group, 80.4% of the population. 81.0% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 2,141
Median age: 41.8 yrs
Median household income: $73,640
Median home value: $224,900
Median gross rent: $986
Housing units: 966
Homeownership rate: 78.3%
Bachelor's degree or higher: 14.7%
Unemployment rate: 2.5%

Trends

ACS 5-year · 2019–2023

Population

2,3672,141

Median household income

$79,054$73,640

Median home value

$168,800$224,900

Median gross rent

$891$986

Year	Population	Median household income	Median home value	Median gross rent
2019	2,367	$79,054	$168,800	$891
2020	2,524	$81,250	$171,200	$875
2021	2,500	$76,339	$181,700	$1,083
2022	2,315	$78,214	$206,600	$999
2023	2,141	$73,640	$224,900	$986

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.7%

5 to 179.4%

18 to 246.8%

25 to 3420.0%

35 to 4410.4%

45 to 549.5%

55 to 6421.2%

65 to 749.9%

75 and over7.1%

	Count	Share
Under 5	122	5.7%
5 to 17	202	9.4%
18 to 24	145	6.8%
25 to 34	428	20.0%
35 to 44	222	10.4%
45 to 54	204	9.5%
55 to 64	454	21.2%
65 to 74	211	9.9%
75 and over	153	7.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,722	80.4%
Black or African American	132	6.2%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	6	0.3%
Two or more races	4	0.2%
Hispanic or Latino (any race)	277	12.9%

Educational attainment (age 25+)

No high school diploma4.4%

High school graduate42.9%

Some college or associate's38.0%

Bachelor's degree9.2%

Graduate or professional degree5.5%

	Count	Share
No high school diploma	74	4.4%
High school graduate	717	42.9%
Some college or associate's	635	38.0%
Bachelor's degree	154	9.2%
Graduate or professional degree	92	5.5%

Commute to work

Mean travel time to work: 30 min

Drove alone81.0%

Carpooled8.9%

Public transit0.9%

Walked0.0%

Bicycle0.0%

Worked from home7.9%

Other means1.2%

How workers get to work

	Count	Share
Drove alone	908	81.0%
Carpooled	100	8.9%
Public transit	10	0.9%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	89	7.9%
Other means	14	1.2%

Travel time

	Count	Share
Under 15 min	199	19.3%
15 to 29 min	398	38.6%
30 to 44 min	234	22.7%
45 to 59 min	66	6.4%
60+ min	135	13.1%

Households

Average household size: 2.32
Poverty rate: 6.2% (132 of 2,141)

	Count	Share
Family households	590	64.1%
Nonfamily households	331	35.9%

Housing

Median year structure built: 1991

Occupancy

	Count	Share
Occupied	921	95.3%
Vacant	45	4.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	721	78.3%
Renter-occupied	200	21.7%

1-unit, detached62.6%

1-unit, attached17.7%

2 to 4 units10.5%

5 to 19 units1.4%

20 or more units0.0%

Mobile home & other7.8%

Units in structure

	Count	Share
1-unit, detached	605	62.6%
1-unit, attached	171	17.7%
2 to 4 units	101	10.5%
5 to 19 units	14	1.4%
20 or more units	0	0.0%
Mobile home & other	75	7.8%

Geography

Place GEOID: 1723945
Type (LSAD): 47
Land area: 14 sq mi
Water area: 0.15 sq mi
Center point: 41.4181, -88.1172