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 managers. There are especially a lot of people living in Elwood who work in office and administrative support (15.20%), management occupations (13.64%), and healthcare (5.27%). A relatively large number of people in Elwood telecommute to their jobs. Overall, about 7.94% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. 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 percentage of adults in Elwood with college degrees is slightly lower than the national average of 21.84% for all communities. 14.71% of adults in Elwood have a bachelor's degree or advanced degree. The per capita income in Elwood in 2022 was $43,572, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $174,288 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. Elwood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.94% of the village’s residents. Important ancestries of people in Elwood include Irish, German, Polish, Italian, and English. The most common language spoken in Elwood is English. Other important languages spoken here include Spanish and French.
