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Elwood, IL
Full City Profile · Illinois · Grundy County County
3.2
/5.0
B
Good
2,141
Population
157/sq mi density
$73,640
Median Income
$43,572 per capita
$224,900
Home Value
$312,850 Zillow
$986
Median Rent
26.0% income on rent
51°F
Avg Temperature
275 sunny days/yr
133
Violent Crime/100K
1,063 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$73,640 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$224,900 home value, $986/mo rent
F
Safety
1.0 / 5.0
133 violent crimes/100K
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher
Income Overview
Median Household Income
$73,640
2% below
US avg: $75,149
Per Capita Income
$43,572
12% above
US avg: $39,052
Unemployment Rate
1.6%
56% below
US avg: 3.6%
Poverty Rate
4.1%
67% below
US avg: 12.4%
Income Comparison: Elwood vs. U.S. Average
Each bar shows Elwood’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$73,640
98%
Per Capita
US: $39,052
$43,572
112%
IRS Avg AGI
US: $72,000
$81,890
114%
Avg Weekly Wage
US: $1,432
$1,344
94%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,344
6% below US avg ($1,432)
Mean Commute Time
30 min
9% above US avg (28 min)
Work From Home
7.9%
48% below US avg (15.2%)
Drive Alone
81.0%
11% above US avg (73.2%)
Public Transit
0.9%
82% below US avg (5.0%)
County GDP
$6,044M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
81%
Public Transit
0.9%
Work From Home
7.9%
Other
10.2%
Average commute time
30 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,204
Restaurants
130
Healthcare
145
Retail
162
Manufacturing
43
Tax & Financial
IRS Avg Adjusted Gross Income
$81,890
14% above US avg ($72,000)
Avg Property Tax
$6,618
89% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $73,640 |
| Per Capita Income | $43,572 |
| IRS Avg Adjusted Gross Income | $81,890 |
| Avg Weekly Wage | $1,344 |
| County GDP | $6,044M |
Hardship Indicators
| Unemployment Rate | 1.6% |
| Poverty Rate | 4.1% |
| Gini Coefficient | 0.396 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 30 minutes |
| Drive Alone | 81.0% |
| Public Transit | 0.9% |
| Work From Home | 7.9% |
Businesses
| Total Establishments | 1,204 |
| Restaurants | 130 |
| Healthcare | 145 |
| Retail | 162 |
| Manufacturing | 43 |
Tax
| IRS Avg AGI | $81,890 |
| Avg Property Tax | $6,618 |