Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg HH Size | 2.44 |
| Below Poverty | 4.3% ▼ 58% below avg |
| College Grads | 31.6% ▼ 19% below avg |
| Unemployment | 2.0% ▼ 60% below avg |
| No HS Diploma | 13 (0.5%) |
| HS Graduate | 1,041 (37.2%) |
| Some College | 493 (17.6%) |
| Associates | 369 (13.2%) |
| Bachelors | 386 (13.8%) |
| Graduate Degree | 497 (17.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $101,818 ▲ 33% above avg |
|---|---|
| Median Home Value | $251,400 ▼ 10% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $989/mo |
| Total Housing Units | 1,645 |
| Vacant Units | 97 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elwood is a city in Illinois, located in Will County. The city spans 1 ZIP code and is home to approximately 3,786 residents. It is a mature city, with a median age of 45 years.
Economically, Elwood is a upper-middle-income community. The median household income of $101,818 is above the national average. Approximately 4.3% of residents live below the poverty line. The unemployment rate is 2.0%, well below the national average.
The real estate market in Elwood is a mid-range housing market. Median home values stand at $251,400, which is near the national average. Renters typically pay around $989 per month. Homeownership is high at 86.9%, typical of suburban and family-oriented communities.
The population of Elwood is moderately educated. 31.6% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (81.91%).
Elwood, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 60421 | 3,786 | $101,818 | $251,400 | $989 | 2.0% | 31.6% | 86.9% |