Elwood, IL Profile: Facts & Data


Elwood Local Links & Resources:
Resources | ALL Elwood Content
Planning to visit Elwood? See Local Hotels

Also See: Elwood, IL ZIP Codes & ZIP Code Maps

Elwood, Illinois - Basic Facts

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.

The Village of Elwood is located within Township of Jackson, a minor civil division (MCD) of Will County.


Elwood, IL Data & Demographics (As of July 1, 2020)


Total Population 2,370 (100%)
Population in Households 2,370 (100.0%)
Population in Families 1,995 (84.2%)
Population in Group Quarters1 0
Population Density 173
Diversity Index2 27


Median Household Income $78,978
Average Household Income $96,944
% of Income for Mortgage4 10%
Per Capita Income $38,526
Wealth Index5 103


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


Total Households 935
Average Household Size 2.53
Family Households 657
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2020 2020-2025
Population 0.37% 0.53%
Households 0.57% 0.61%
Families 0.39% 0.45%
Median Household Income   2.04%
Per Capita Income   1.79%
Owner Occupied HU   0.68%


Elwood, IL - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.

Elwood, IL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Illinois Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2020, data includes home values, household income, percentage of homes owned, rented or vacant, etc.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Illinois Census Data Comparison Tool

Compare Illinois July 1, 2020 Data
Highest or Lowest:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Illinois COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.