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Elwood, IL
Full City Profile · Illinois · Grundy County County
Elwood, IL
At a Glance
How Elwood Compares to the U.S. Average
Each bar shows Elwood's value as a percentage of the national average (100% = U.S. avg)
Is Elwood a Good Place to Live?
Economy & Jobs
Elwood residents earn a median household income of $73,640 , which is 2% below the national average of $75,149. Per capita income is $43,572. The unemployment rate stands at 1.6% (56% below the U.S. rate of 3.6%). 4.1% of residents live below the poverty line. The area is home to 1,204 business establishments, including 130 restaurants.
Housing & Cost of Living
The median home value in Elwood is $224,900 , 20% below the national median of $281,900. Zillow estimates the typical home at $312,850. Median rent is $986/month, with 26.0% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1993.
Safety & Crime
Elwood reports 133 violent crimes per 100,000 residents , which is 65% below the national average of 380/100K. Property crime is 1,063/100K. The murder rate is 0.0/100K.
Education
14.7% of adults in Elwood hold a bachelor's degree or higher (56% below the national average). 95.6% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Elwood has an average annual temperature of 51°F (11°C). Winters average 24°F in January while summers reach 75°F in July. The area gets 275 sunny days per year. Annual precipitation totals 37.2 inches. Air quality is rated Good with a median AQI of 43.