Elwood is a very small village located in the state of Illinois. With a population of 2,199 people and two associated neighborhoods, Elwood is the 560th largest community in Illinois. Elwood real estate is some of the most expensive in Illinois, although Elwood house values don't compare to the most expensive real estate in the U.S.Unlike some villages where white-collar or blue-collar occupations dominate the local economy, Elwood is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Elwood is a village of sales and office workers, service providers, and professionals. There are especially a lot of people living in Elwood who work in office and administrative support (13.91%), management occupations (11.54%), and healthcare (6.96%). 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.The citizens of Elwood are slightly less educated than the national average of 21.84% for the average city or town: 16.60% of adults in Elwood have a bachelor's degree or advanced degree 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.
