Elwood, New Jersey Demographics & Population 2026

A note before these figures: with a population of 733, 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 New Jersey, within Atlantic County. The total population is 733. It ranks as the 579th most populous out of 700 Census-designated places in New Jersey.

Age Demographics

The median age in Elwood is 59.6 years. This is 49% higher than the state median of 40.1 years. Only 0.5% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Elwood is $85,954. This is 17% lower than the state median of $103,556. It is also 6% higher than the national median of $80,734. The poverty rate stands at 10.3%. This is 6% higher than the state poverty rate of 9.7%. The unemployment rate is 1.9%. This is 69% lower than the state rate of 6.3%. The median home value is $208,900. Housing costs are 54% lower than the state median of $454,400. With a home-value-to-income ratio of just 2.4x, Elwood is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 57% higher than the state average of 63.8%.

Race & Ethnicity

The largest racial or ethnic group in Elwood is White (non-Hispanic), making up 49.3% of the population. Hispanic or Latino residents account for 37.8%. The Hispanic or Latino population is significantly higher than the state average (37.8% vs 22.5%).

Education

16.5% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 62% lower than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 64.0%.

Data Sources & Methodology

All demographic data for Elwood, New Jersey 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 New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.