Elwood village, Nebraska Demographics & Population 2026
As of 2026, Elwood village, Nebraska has a total population of 535, the 203rd largest city in Nebraska, with a median household income of $68,500, which is 9% lower than the state average. The poverty rate is 6.6%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
Elwood village Quick Facts
How Elwood village 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 village Rankings in Nebraska
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Cities Similar to Elwood village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Pleasanton village | 554 | $68,194 | $201,900 | 27.7% | 3.5% |
| Winside village | 520 | $66,429 | $104,200 | 21.0% | 8.3% |
| Stuart village | 553 | $72,386 | $118,900 | 27.6% | 9.5% |
| Valparaiso village | 553 | $72,750 | $190,500 | 21.1% | 4.0% |
| Wausa village | 587 | $68,125 | $79,400 | 22.5% | 4.6% |
Population Overview
Elwood village is a small community located in Nebraska. The total population is 535. It ranks as the 203rd most populous out of 584 cities and towns in Nebraska.
Age Demographics
The median age in Elwood village is 51.5 years. This is 39% higher than the state median of 37.1 years. 14.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Elwood village is $68,500. This is 9% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 13% lower. The poverty rate stands at 6.6%. This is 36% lower than the state poverty rate of 10.3%. The unemployment rate is 6.1%. This is 103% higher than the state rate of 3.0%. The median home value is $150,700. Housing costs are 33% lower than the state median of $223,800. With a home-value-to-income ratio of just 2.2x, Elwood village is one of the most affordable housing markets in the area. 77.7% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 66.5%.
Race & Ethnicity
Elwood village has a predominantly White (non-Hispanic) population, comprising 86.5% of all residents. Hispanic or Latino residents account for 9.5%.
Education
25.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 26% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.0%.
Data Sources & Methodology
All demographic data for Elwood village, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Elwood village, Nebraska?
Elwood village, Nebraska has a population of 535 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Elwood village, NE?
The median household income in Elwood village is $68,500, which is 13% lower the national median of $78,538.
What is the poverty rate in Elwood village, NE?
The poverty rate in Elwood village is 6.6%. This means approximately 33 residents live below the federal poverty line.
What is the racial makeup of Elwood village, Nebraska?
Elwood village's population is 86.5% White, 0.0% Black, 9.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Elwood village, NE?
The median home value in Elwood village is $150,700. The home-value-to-income ratio is 2.2x.
How educated is Elwood village, Nebraska?
25.1% of adults (25+) in Elwood village hold a bachelor's degree or higher, and 6.3% hold a graduate or professional degree.