Elwood, IN
Full City Profile · Indiana · Madison County County
2.7
/5.0
C+
Fair
8,320
Population
2,085/sq mi density
$54,084
Median Income
$28,005 per capita
$92,800
Home Value
$157,223 Zillow
$838
Median Rent
26.3% income on rent
51°F
Avg Temperature
95
Violent Crime/100K
475 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$54,084 median income, 6.9% unemployment
A+
Affordability
5.0 / 5.0
$92,800 home value, $838/mo rent
F
Safety
1.0 / 5.0
95 violent crimes/100K
D
Education
1.6 / 5.0
7.1% bachelor's degree or higher
Elwood experiences four distinct seasons with 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. The area receives 20.8 inches of snow annually. Air quality is rated Good with a median AQI of 42.
Temperature
26°F Jan (-4°C)
73°F Jul (23°C)
| Annual Average | 50.9°F |
| 6% below US avg | |
| January Average | 26°F (-4°C) |
| July Average | 73°F (23°C) |
Geography
| Elevation | 862 ft (263 m) |
| Area | 4.0 sq mi (10.3 km²) |
| Population Density | 2,085/sq mi |
| Coordinates | 40.2738°N, 85.8373°W |
| Timezone | America/Indiana/Indianapolis |
| County | Madison County County |
| Nearest Airport | Delaware County Regional (MIE) 23 miles away |
Precipitation & Snow
Air Quality
| AQI Median | 42.0 |
| Rating | Good |
| Good Days % | 72.1% |
| Unhealthy Days | 0 |
Air Pollutants (EPA 2023)
| Ozone (O₃) | 0.0483 ppm |
| PM2.5 (Fine Particles) | 9.8 μg/m³ |
Natural Hazard Risk
| Overall Risk | Relatively Low |
| Risk Score | 77.3 / 100 |
| Social Vulnerability | 49.1 / 100 |
| Community Resilience | 67.6 / 100 |
Hazard Breakdown
| Tornado | Relatively Moderate |
| Hurricane | Very Low |
| Earthquake | Relatively Low |
| Wildfire | Very Low |
| Flood | Relatively Moderate |
| Hail | Relatively Moderate |
| Strong Wind | Relatively High |
| Heat Wave | Relatively Low |
| Winter Weather | Relatively Moderate |
| Lightning | Relatively Low |
| Ice Storm | Relatively Low |
| Drought | Relatively Low |
| Cold Wave | Relatively Moderate |
| Landslide | Very Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | 26°F (-4°C) | 3.2 in | Coldest |
| February | 29°F (-1°C) | 2.3 in | Driest |
| March | 39°F (4°C) | 3.0 in | |
| April | 50°F (10°C) | 4.0 in | |
| May | 62°F (16°C) | 4.4 in | |
| June | 71°F (21°C) | 5.3 in | Wettest |
| July | 73°F (23°C) | 4.2 in | Warmest |
| August | 72°F (22°C) | 3.3 in | |
| September | 65°F (18°C) | 3.1 in | |
| October | 53°F (12°C) | 3.0 in | |
| November | 41°F (5°C) | 3.6 in | |
| December | 31°F (-1°C) | 3.1 in |
Elwood has a seasonal temperature swing of 48°F / from 26°F in January to 73°F in July. Total annual precipitation is 42.5 inches, with June being the wettest month (5.3") and February the driest (2.3").