Residents will find that the village is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Elwood is worth considering.
In terms of college education, the citizens of Elwood rank slightly lower than the national average. 16.60% of adults 25 and older in Elwood have a bachelor's degree or advanced degree, while 21.84% of adults have a 4-year degree or higher in the average American community.
The per capita income in Elwood in 2022 was $39,932, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $159,728 for a family of four. However, Elwood contains both very wealthy and poor people as well.
Elwood is a somewhat ethnically-diverse village. The people who call Elwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Elwood residents report their race to be White, followed by Black or African-American. Important ancestries of people in Elwood include German, Irish, Polish, Italian, and English.
The most common language spoken in Elwood is English. Other important languages spoken here include Spanish and French.
