The City of Elwood had a population of 8,358 as of July 1, 2019. Elwood ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.
The primary coordinate point for Elwood is located at latitude 40.277 and longitude -85.8419 in Madison County. The formal boundaries for the City of Elwood encompass a land area of 3.69 sq. miles and a water area of 0 sq. miles. Madison County is in the Eastern time zone (GMT -5). The elevation is 863 feet.
While the primary coordinates for City of Elwood are located in Madison County, it should be noted that the formal boundaries for this community also extend into and Tipton County.
The City of Elwood (GNIS ID: 2394680) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Elwood: Duck Creek, Quincy.
HOUSING AFFORDABILITY INDEX
|Elwood, IN Housing Affordability Index is 245 |
State of Indiana Housing Affordability Index is 180
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Elwood, IN Wealth Index is 48 |
State of Indiana Wealth Index is 81
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
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|Total Population||8,358 (100%)|
|Population in Households||8,354 (100.0%)|
|Population in Families||6,607 (79.1%)|
|Population in Group Quarters1||4 ( 0.0%)|
|Median Household Income||$37,815|
|Average Household Income||$54,289|
|Per Capita Income||$21,670|
|Total Housing Units||4,105 (100%)|
|Owner Occupied HU||2,279 (55.5%)|
|Renter Occupied HU||1,114 (27.1%)|
|Vacant Housing Units||713 (17.4%)|
|Median Home Value||$75,850|
|Housing Affordability Index3||245|
|Average Household Size||2.46|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||3.66%|
|Per Capita Income||3.49%|
The table below compares Elwood to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 92||87th|
|Population Density||# 77||89th|
|Diversity Index||# 215||69th|
|Median Household Income||# 624||8th|
|Per Capita Income||# 556||18th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.