Elwood, IN
Full City Profile · Indiana · Madison County County
Elwood, IN
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 $54,084 , which is 28% below the national average of $75,149. Per capita income is $28,005. The unemployment rate stands at 6.9% (92% above the U.S. rate of 3.6%). 9.4% of residents live below the poverty line. The area is home to 2,484 business establishments, including 230 restaurants.
Housing & Cost of Living
The median home value in Elwood is $92,800 , 67% below the national median of $281,900. Zillow estimates the typical home at $157,223. Median rent is $838/month, with 26.3% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1956.
Safety & Crime
Elwood reports 95 violent crimes per 100,000 residents , which is 75% below the national average of 380/100K. Property crime is 475/100K.
Education
7.1% of adults in Elwood hold a bachelor's degree or higher (79% below the national average). 90.9% have completed high school. Local schools score 5.5/10 in standardized testing.
Climate & Weather
Elwood has an average annual temperature of 51°F (11°C). Winters average 26°F in January while summers reach 73°F in July. Annual precipitation totals 42.5 inches. Air quality is rated Good with a median AQI of 42.