Elwood, Nebraska Demographics & Population 2026
During the 2020–2024 ACS period, Elwood, Nebraska had a total population of 534, the 205th largest village in Nebraska, with a median household income of $66,389, which is 13% lower than the state average. The poverty rate is 8.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Elwood Quick Facts
How Elwood Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 535 | 534 | -0.2% |
| Median household income | $68,500 | $66,389 | -3.1% |
| Median home value | $150,700 | $183,300 | +21.6% |
How Elwood Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Elwood Rankings in Nebraska
Explore Nebraska Rankings
Other Cities in Gosper County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Smithfield | 108 | $51,118 | 24.1% | $82,500 |
Cities Similar to Elwood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Inglewood | 511 | $66,875 | $135,600 | 21.8% | 7.8% |
| Ansley | 563 | $64,688 | $89,800 | 19.2% | 5.9% |
| Exeter | 562 | $62,917 | $116,000 | 27.1% | 9.1% |
| Cortland | 547 | $74,583 | $183,200 | 16.5% | 4.2% |
| Dorchester | 550 | $74,286 | $163,200 | 20.3% | 2.0% |
A note before these figures: with a population of 534, Elwood's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Elwood is a small community located in Nebraska, within Gosper County. The total population is 534. It ranks as the 205th most populous out of 583 Census-designated places in Nebraska.
Age Demographics
The median age in Elwood is 51.1 years. This is 37% higher than the state median of 37.2 years. 15.0% 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 is $66,389. This is 13% lower than the state median of $76,475. It is also 18% lower than the national median of $80,734. The poverty rate stands at 8.4%. This is 21% lower than the state poverty rate of 10.6%. The unemployment rate is 3.0%. The median home value is $183,300. Housing costs are 23% lower than the state median of $238,600. With a home-value-to-income ratio of just 2.8x, Elwood is one of the most affordable housing markets in the area. 85.6% of occupied housing units are owner-occupied. This homeownership rate is 29% higher than the state average of 66.5%.
Race & Ethnicity
Elwood has a predominantly White (non-Hispanic) population, comprising 91.2% of all residents. Hispanic or Latino residents account for 6.4%.
Education
25.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 25% lower than the state rate of 34.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.5%.
Data Sources & Methodology
All demographic data for Elwood, Nebraska is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 583 Census-designated places in Nebraska. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Elwood, Nebraska?
Elwood, Nebraska has a population of 534 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Elwood, NE?
The median household income in Elwood is $66,389, which is 18% lower than the national median of $80,734.
What is the poverty rate in Elwood, NE?
The poverty rate in Elwood is 8.4%. This means approximately 42 residents live below the federal poverty line.
What is the racial makeup of Elwood, Nebraska?
Elwood's population is 91.2% White, 0.0% Black, 6.4% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Elwood, NE?
The median home value in Elwood is $183,300. The home-value-to-income ratio is 2.8x.
How educated is Elwood, Nebraska?
25.9% of adults (25+) in Elwood hold a bachelor's degree or higher, and 7.3% hold a graduate or professional degree.