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Elwood, IL&

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0.66% growth
Median Age
Median Household Income
10.8% growth
Poverty Rate
Number of Employees
5.13% growth
Median Property Value
1.26% decline


The economy of Elwood, IL employs 943 people. The economy of Elwood, IL is specialized in Utilities; Manufacturing; and Information, which employ respectively 2.15; 1.72; and 1.55 times more people than what would be expected in a location of this size. The largest industries in Elwood, IL are Manufacturing (157), Healthcare & Social Assistance (109), and Educational Services (94), and the highest paying industries are Utilities ($129,750), Professional, Scientific, Tech Services ($52,321), and Educational Services ($43,274).

Median household income in Elwood, IL is $64,881. Males in Elwood, IL have an average income that is 1.33 times higher than the average income of females, which is $50,716. The income inequality of Elwood, IL (measured using the Gini index) is 0.445 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Elwood, IL. In Will County, IL the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 57 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $10,931. St. Clair County, IL has the highest prevalence of homicides of any county in Illinois.


Clinician to Patient Rates

The closest comparable data for the census place of Elwood, IL is from the county of Will County, IL.

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Elwood, IL is home to a population of 2,144 people, from which 99% are citizens. The ethnic composition of the population of Elwood, IL is composed of 1,854 White residents (86.5%), 175 Hispanic residents (8.16%), 64 Two+ residents (2.99%), 46 Black residents (2.15%), and 5 Native residents (0.23%). The most common foreign languages in Elwood, IL are Polish (8 speakers), Spanish (8 speakers), and German (4 speakers), but compared to other places, Elwood, IL has a relative high number of Polish (8 speakers), Italian (4 speakers), and German (4 speakers).


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In 2015 universities in Will County (South) PUMA, IL awarded 1,511 degrees. The student population of Will County (South) PUMA, IL is skewed towards females, with 459 male students and 1,052 female students. Most students in Will County (South) PUMA, IL are White (702 and 46.5%), followed by Black or African American (501 and 33.2%), Hispanic or Latino (113 and 7.48%), and Unknown (88 and 5.82%). The largest universities in Will County (South) PUMA, IL by number of graduates are Governors State University (1,511 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Will County (South) PUMA, IL are Liberal Arts & Sciences (168 and 11.1%), General Psychology (106 and 7.02%), and Criminal Justice - Safety Studies (92 and 6.09%). The median tuition costs in Will County (South) PUMA, IL are N/A for private four year colleges, and $8,160 and $16,320 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Elwood, IL is $157,100, which is 0.77 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value decreased from $159,100 to $157,100, a 1.26% increase. The homeownership rate of Elwood, IL is 82.9%, which is higher than the national average of 63.6%. People in Elwood, IL have an average commute time of 27.9 minutes, and they commute by Drove Alone. Car ownership in Elwood, IL is approximately the same as the national average, with an average of 2 cars per household.


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United States
Will County, IL
Chicago-Naperville-Elgin, IL-IN-WI Metro Area
metropolitan statistical area
Will County (South) PUMA
public use microdata area
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