Elwood city, Indiana Demographics & Population 2026
As of 2026, Elwood city, Indiana has a total population of 8,320, the 93rd largest city in Indiana, with a median household income of $54,084, which is 23% lower than the state average. The poverty rate is 14.6%.
Key Takeaways
- Only 7.1% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
Elwood city Quick Facts
How Elwood city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Elwood city Rankings in Indiana
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Cities Similar to Elwood city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Princeton city | 8,347 | $57,234 | $117,100 | 10.2% | 14.8% |
| Brazil city | 8,064 | $49,331 | $105,900 | 9.7% | 13.6% |
| Tell City city | 7,490 | $50,702 | $121,200 | 17.0% | 19.3% |
| Angola city | 9,383 | $59,355 | $186,900 | 28.9% | 16.3% |
| Greencastle city | 9,863 | $54,217 | $154,000 | 25.8% | 8.7% |
Population Overview
Elwood city is a small city located in Indiana. The total population is 8,320. It ranks as the 93rd most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Elwood city is 43.7 years. This is 15% higher than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Elwood city is $54,084. This is 23% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 31% lower. The poverty rate stands at 14.6%. This is 20% higher than the state poverty rate of 12.2%. The unemployment rate is 6.9%. This is 60% higher than the state rate of 4.3%. The median home value is $92,800. Housing costs are 54% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.7x, Elwood city is one of the most affordable housing markets in the area. 63.9% of occupied housing units are owner-occupied. This homeownership rate is 9% lower than the state average of 70.3%.
Race & Ethnicity
Elwood city has a predominantly White (non-Hispanic) population, comprising 93.5% of all residents. Hispanic or Latino residents account for 3.6%. The Black or African American population (0.6%) is well below the state average of 9.1%. The Hispanic or Latino population (3.6%) is well below the state average of 8.4%. The Asian population (0.5%) is well below the state average of 2.5%.
Education
7.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 75% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.9%.
Data Sources & Methodology
All demographic data for Elwood city, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Elwood city, Indiana?
Elwood city, Indiana has a population of 8,320 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Elwood city, IN?
The median household income in Elwood city is $54,084, which is 31% lower the national median of $78,538.
What is the poverty rate in Elwood city, IN?
The poverty rate in Elwood city is 14.6%. This means approximately 1,184 residents live below the federal poverty line.
What is the racial makeup of Elwood city, Indiana?
Elwood city's population is 93.5% White, 0.6% Black, 3.6% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Elwood city, IN?
The median home value in Elwood city is $92,800. The home-value-to-income ratio is 1.7x.
How educated is Elwood city, Indiana?
7.1% of adults (25+) in Elwood city hold a bachelor's degree or higher, and 1.5% hold a graduate or professional degree.