All Countries
Elwood, IN
Full City Profile · Indiana · Madison County County
2.8
/5.0
C+
Fair
8,320
Population
2,085/sq mi density
$54,084
Median Income
$28,005 per capita
$92,800
Home Value
$144,507 Zillow
$838
Median Rent
26.3% income on rent
51°F
Avg Temperature
275 sunny days/yr
286
Violent Crime/100K
2,029 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,084 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$92,800 home value, $838/mo rent
F
Safety
1.0 / 5.0
286 violent crimes/100K
D
Education
1.6 / 5.0
7.1% bachelor's degree or higher
Income Overview
Median Household Income
$54,084
28% below
US avg: $75,149
Per Capita Income
$28,005
28% below
US avg: $39,052
Unemployment Rate
4.6%
28% above
US avg: 3.6%
Poverty Rate
9.4%
24% 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
$54,084
72%
Per Capita
US: $39,052
$28,005
72%
IRS Avg AGI
US: $72,000
$59,559
83%
Avg Weekly Wage
US: $1,432
$961
67%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$961
33% below US avg ($1,432)
Mean Commute Time
27 min
1% below US avg (28 min)
Work From Home
4.6%
70% below US avg (15.2%)
Drive Alone
75.1%
3% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$5,526M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
75.1%
Public Transit
0%
Work From Home
4.6%
Other
20.3%
Average commute time
27 minutes
US avg: 28 min
Business Landscape
Total Establishments
2,484
Restaurants
230
Healthcare
308
Retail
345
Manufacturing
104
Tax & Financial
IRS Avg Adjusted Gross Income
$59,559
17% below US avg ($72,000)
Avg Property Tax
$2,964
15% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $54,084 |
| Per Capita Income | $28,005 |
| IRS Avg Adjusted Gross Income | $59,559 |
| Avg Weekly Wage | $961 |
| County GDP | $5,526M |
Hardship Indicators
| Unemployment Rate | 4.6% |
| Poverty Rate | 9.4% |
| Gini Coefficient | 0.437 |
| Cost of Living Index | 93.3 |
Commute
| Mean Commute | 27 minutes |
| Drive Alone | 75.1% |
| Public Transit | 0.0% |
| Work From Home | 4.6% |
Businesses
| Total Establishments | 2,484 |
| Restaurants | 230 |
| Healthcare | 308 |
| Retail | 345 |
| Manufacturing | 104 |
Tax
| IRS Avg AGI | $59,559 |
| Avg Property Tax | $2,964 |