Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.1 yrs |
|---|---|
| Avg HH Size | 2.38 |
| Below Poverty | 13.0% ▲ 30% above avg |
| College Grads | 20.1% ▼ 48% below avg |
| Unemployment | 6.6% ▲ 35% above avg |
| No HS Diploma | 71 (0.9%) |
| HS Graduate | 3,663 (47.3%) |
| Some College | 1,377 (17.8%) |
| Associates | 1,079 (13.9%) |
| Bachelors | 700 (9%) |
| Graduate Degree | 855 (11%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,082 ▼ 23% below avg |
|---|---|
| Median Home Value | $108,500 ▼ 61% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $841/mo |
| Total Housing Units | 5,284 |
| Vacant Units | 597 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elwood is a city in Indiana, located in Madison County. The city spans 1 ZIP code and is home to approximately 11,211 residents. It is a mature city, with a median age of 45.1 years.
Economically, Elwood is a solidly middle-class community. The median household income of $59,082 is below the national average. Approximately 13.0% of residents live below the poverty line. The unemployment rate is 6.6%, above the national average.
The real estate market in Elwood is one of the more affordable housing markets in the country. Median home values stand at $108,500, which is well below the national average. Renters typically pay around $841 per month. Homeownership is high at 71.4%, typical of suburban and family-oriented communities.
The population of Elwood is less-educated. 20.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.36%).
Elwood, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 46036 | 11,211 | $59,082 | $108,500 | $841 | 6.6% | 20.1% | 71.4% |