In 2017, Elwood, IN had a population of 8.46k people with a median age of 38.9 and a median household income of $36,342. Between 2016 and 2017 the population of Elwood, IN declined from 8,489 to 8,458, a -0.365% decrease and its median household income declined from $36,383 to $36,342, a -0.113% decrease.
The population of Elwood, IN is 95.6% White Alone, 3.48% Hispanic or Latino, and 0.674% Two or More Races. 3.3% of the people in Elwood, IN speak a non-English language, and 99.7% are U.S. citizens.
The median property value in Elwood, IN is $66,600, and the homeownership rate is 62.5%. Most people in Elwood, IN commute by Drove Alone, and the average commute time is 22.7 minutes. The average car ownership in Elwood, IN is 2 cars per household.