Elwood CDP, New Jersey Demographics & Population 2026
As of 2026, Elwood CDP, New Jersey has a total population of 920, the 564th largest city in New Jersey, with a median household income of $68,698, which is 32% lower than the state average. The poverty rate is 8.2%.
Key Takeaways
- Household income is 32% below the state average, indicating significant economic challenges.
- Only 5.4% 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 2.5x.
Elwood CDP Quick Facts
How Elwood CDP Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Elwood CDP Rankings in New Jersey
Explore New Jersey Rankings
Cities Similar to Elwood CDP
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fairton CDP | 918 | $62,250 | $171,300 | 9.3% | 13.2% |
| West Cape May borough | 934 | $79,375 | $698,300 | 48.4% | 4.7% |
| The Ponds CDP | 995 | $70,825 | $338,800 | 33.3% | 1.5% |
| Milmay CDP | 950 | $60,110 | $235,600 | 22.5% | 2.8% |
| Hi-Nella borough | 984 | $75,227 | $235,800 | 23.8% | 3.8% |
Population Overview
Elwood CDP is a small community located in New Jersey. The total population is 920. It ranks as the 564th most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Elwood CDP is 62.8 years. This is 57% higher than the state median of 40.1 years. Only 1.5% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Elwood CDP is $68,698. This is 32% lower than the state median of $101,050. Compared to the national median of $78,538, household income here is 13% lower. The poverty rate stands at 8.2%. This is 17% lower than the state poverty rate of 9.8%. The unemployment rate is 6.7%. This is 8% higher than the state rate of 6.2%. The median home value is $170,300. Housing costs are 60% lower than the state median of $427,600. With a home-value-to-income ratio of just 2.5x, Elwood CDP 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 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Elwood CDP is White (non-Hispanic), making up 48.6% of the population. Hispanic or Latino residents account for 34.6%. The Hispanic or Latino population is significantly higher than the state average (34.6% vs 21.9%).
Education
5.4% 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 88% lower than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 62.1%.
Data Sources & Methodology
All demographic data for Elwood CDP, New Jersey 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 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. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Elwood CDP, New Jersey?
Elwood CDP, New Jersey has a population of 920 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Elwood CDP, NJ?
The median household income in Elwood CDP is $68,698, which is 13% lower the national median of $78,538.
What is the poverty rate in Elwood CDP, NJ?
The poverty rate in Elwood CDP is 8.2%. This means approximately 72 residents live below the federal poverty line.
What is the racial makeup of Elwood CDP, New Jersey?
Elwood CDP's population is 48.6% White, 16.9% Black, 34.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Elwood CDP, NJ?
The median home value in Elwood CDP is $170,300. The home-value-to-income ratio is 2.5x.
How educated is Elwood CDP, New Jersey?
5.4% of adults (25+) in Elwood CDP hold a bachelor's degree or higher, and 3.5% hold a graduate or professional degree.