Elwood, IL
Full City Profile · Illinois · Grundy County County
3.1
/5.0
B
Good
2,141
Population
157/sq mi density
$73,640
Median Income
$43,572 per capita
$224,900
Home Value
$325,816 Zillow
$986
Median Rent
26.0% income on rent
50°F
Avg Temperature
137
Violent Crime/100K
822 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$73,640 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$224,900 home value, $986/mo rent
F
Safety
1.0 / 5.0
137 violent crimes/100K
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher
Change Over Time (2013, 2023)
Population Change
-2.6%
2,273 → 2,214
over 10 years
Annual Pop. Growth
-0.26%
Compound annual growth rate
Median Income Change
+5.8%
$69,632 → $73,640
nominal, not inflation-adjusted
Annual Income Growth
+0.56%
Compound annual growth rate
Population Over Time
Total population for Elwood across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
2,174
-40 from 2023 (2,214)
Projected Median Income 2030
$76,576
+$2,936 from 2023 ($73,640)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 2,273 | - | $69,632 | - |
| 2015 | 2,259 | -0.6% | $58,542 | -15.9% |
| 2017 | 2,253 | -0.3% | $72,708 | +24.2% |
| 2019 | 2,225 | -1.2% | $79,054 | +8.7% |
| 2021 | 2,216 | -0.4% | $76,339 | -3.4% |
| 2023 | 2,214 | -0.1% | $73,640 | -3.5% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.