At a Glance
Median Income
$68,500
$35,575 per capita
Home Value
$150,700
Zillow: $425,370
Median Rent
$775/mo
14.0% of income on rent
Bachelor's Degree+
25.1%
95.0% high school+
Unemployment
6.1%
1.5% poverty rate
Obesity Rate
38.0%
13.7% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Elwood a Good Place to Live?
B+
3.9 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Elwood residents earn a median household income of $68,500 , which is 9% below the national average of $75,149.
Per capita income is $35,575. The unemployment rate stands at 6.1% (69% above the U.S. rate of 3.6%). 1.5% of residents live below the poverty line. The area is home to 76 business establishments, including 5 restaurants.
Housing & Cost of Living
The median home value in Elwood is $150,700 , 47% below the national median of $281,900.
Zillow estimates the typical home at $425,370. Median rent is $775/month, with 14.0% of renters spending more than 30% of income on housing. The cost of living index is 90.1 (100 = national average). The median home was built in 1958.
Education
25.1% of adults in Elwood hold a bachelor's degree or higher
(26% below the national average).
95.0% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Elwood has an average annual temperature of 51°F (10°C).
Winters average 27°F in January while summers reach 75°F in July. Annual precipitation totals 23.3 inches.
Data Overview
People
Population535
Median Age51.5 yrs
Density973/mi²
Male / Female54% / 46%
Foreign Born3.4%
Veterans7.2%
Economy
B+
Median Income$68,500
Per Capita$35,575
Unemployment6.1%
Poverty1.5%
County GDP$123M
Avg Weekly Wage$979
Housing
A+
Home Value$150,700
Rent$775
Ownership77.7%
Zillow$425,370
Housing Units265
Rent Burden14.0%
Health
Obesity38.0%
Diabetes8.9%
Smoking13.7%
Heart Disease5.2%
Premature Death9,782/100K
Climate
Avg Temp51°F
Rain23.3 in/yr
Elevation2,674 ft
Education
B
Bachelor's+25.1%
High School+95.0%
Graduate+5.0%
School Score5.6/10
Community
2024 VoteR 81% / D 18%
Commute23 min
Broadband91.8%
Internet Speed23 Mbps
EV Stations4
Libraries1
Did You Know?
The median home in Elwood was built in 1958.
The nearest airport is Kearney Regional (46 miles).
The Gini coefficient (income inequality) is 0.426 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
18.1% of the population has a disability.
The county recorded 1 fatal vehicle crashes.