Also See: Elwood, IL ZIP Codes & ZIP Code Maps
The Village of Elwood had a population of 2,370 as of July 1, 2020. Elwood ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.
The primary coordinate point for Elwood is located at latitude 41.4039 and longitude -88.1117 in Will County. The formal boundaries for the Village of Elwood encompass a land area of 6.52 sq. miles and a water area of 0 sq. miles. Will County is in the Central time zone (GMT -6). The elevation is 646 feet.
The Village of Elwood (GNIS ID: 2398822) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
|Total Population||2,370 (100%)|
|Population in Households||2,370 (100.0%)|
|Population in Families||1,995 (84.2%)|
|Population in Group Quarters1||0|
|Median Household Income||$78,978|
|Average Household Income||$96,944|
|% of Income for Mortgage4||10%|
|Per Capita Income||$38,526|
|Total HU (Housing Units)||970 (100%)|
|Owner Occupied HU||789 (81.3%)|
|Renter Occupied HU||147 (15.2%)|
|Vacant Housing Units||35 ( 3.6%)|
|Median Home Value||$187,828|
|Average Home Value||$208,154|
|Housing Affordability Index3||251|
|Average Household Size||2.53|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.04%|
|Per Capita Income||1.79%|
|Owner Occupied HU||0.68%|
The table below compares Elwood to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 471||66th|
|Population Density||# 1297||5th|
|Median Household Income||# 232||83rd|
|Housing Affordability Index||# 803||59th|
|Per Capita Income||# 219||84th|
|Diversity Index||# 405||70th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.