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
Change Over Time (2013–2023)
Population Change
-0.9%
8,518 → 8,443
over 10 years
Annual Pop. Growth
-0.09%
Compound annual growth rate
Median Income Change
+51.8%
$35,625 → $54,084
nominal, not inflation-adjusted
Annual Income Growth
+4.26%
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
8,390
-53 from 2023 (8,443)
Projected Median Income 2030
$72,426
+$18,342 from 2023 ($54,084)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 8,518 | — | $35,625 | — |
| 2015 | 8,451 | -0.8% | $36,282 | +1.8% |
| 2017 | 8,442 | -0.1% | $36,342 | +0.2% |
| 2019 | 8,400 | -0.5% | $41,777 | +15% |
| 2021 | 8,387 | -0.2% | $46,709 | +11.8% |
| 2023 | 8,443 | +0.7% | $54,084 | +15.8% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.