In 2017, Elwood, IL had a population of 2.29k people with a median age of 40.9 and a median household income of $72,708. Between 2016 and 2017 the population of Elwood, IL grew from 2,144 to 2,286, a 6.62% increase and its median household income grew from $64,881 to $72,708, a 12.1% increase.
The population of Elwood, IL is 89.1% White Alone, 6.87% Hispanic or Latino, and 2.93% Two or More Races. 1.24% of the people in Elwood, IL speak a non-English language, and 99.7% are U.S. citizens.
The median property value in Elwood, IL is $156,800, and the homeownership rate is 84.9%. Most people in Elwood, IL commute by Drove Alone, and the average commute time is 34.1 minutes. The average car ownership in Elwood, IL is 2 cars per household.