Elwood is a city in Indiana state in USA with a population of 8435 residents.. The poverty rate of Elwood is 16.3%, which is 16% higher than national average. The typical household in Elwood earns $44752 a year, compared to the national median of $67,500. Nearly 53.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Elwood, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Elwood remained 5.2%, which is 11% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Elwood, only 9% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Elwood is 77, which is 23% lower than national average. Median home value in Elwood is $68300 , which is 70% lower than national average. While median income in Elwood remained $44752, which is 34% lower than national average.