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ZipNumbers

Illinois · Census place 23945

Elwood village, IL

Quick answer

Elwood village has 2,141 residents, ranking #496 of 1462 places in Illinois. Median household income is $73,640, the median home is worth $224,900 and median gross rent runs $986 a month.

Population
2,141Elwood village residents
Median household income
$73,640Past 12 months, inflation adjusted
Median home value
$224,900Owner-occupied units
Median gross rent
$986Rent plus utilities, monthly
Median age
41.8 yrsAll residents
Homeownership rate
78.3%Owner-occupied households

What the numbers mean in Elwood village

Housing cost measured against local earnings.

A household earning the Elwood village median would spend about 16.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.2% of residents and 78.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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