Pros and Cons of Living In Elwood, Indiana. Is Elwood, IN a Nice Place To Live or Retire?

FIND OUT MORE DETAILS

Elwood, Indiana

Moving to Elwood In Indiana ? Is Elwood, IN a Nice Place To Live? Pros and Cons of Living in Elwood, Indiana. Find out the best and worst about to live, raise a family or retire in Elwood.

Elwood is a city in Madison and Tipton counties in the U.S. state of Indiana. The Madison County portion, which is nearly all of the city, is part of the Indianapolis–Carmel–Anderson metropolitan statistical area. The population of Elwood was 8,410 at the 2020 census.

DEMOGRAPHICS

Population
8435
Unemployment
5.2%
11% NAT AVG.
Poverty
16.3%
16% NAT AVG.
Cost Of Living
77
23% NAT AVG.

ECONOMICS

Median Home Cost
$68300
70% NAT AVG.
Median Income
$44752
34% NAT AVG.
Median Rent
$723
38% NAT AVG.
Overall Score
4

CRIME REPORT

Total Crime
194
1% NAT. AVG.
8% STATE AVG.
Violent Crime
24
26% NAT. AVG.
20% STATE AVG.
Property Crime
170
4% NAT. AVG.
14% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 19
People Earning < $10,000
1 in 15
People Earning < $50,000
53.7%
People With Any Degree
1 in 5.3

ETHNICITY

Ethnicity Elwood USA
White 91.6% 60.1%
African American 0.7% 12.2%
American Indian 0% 0.6%
Asian 0.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.8% 2.8%
Hispanic 5.7% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Elwood USA
Less than $10,000 6.7% 5.8%
$10,000 to $14,999 4.8% 4.1%
$15,000 to $24,999 11.6% 8.5%
$25,000 to $34,999 14.1% 8.6%
$35,000 to $49,999 16.5% 12.0%
$50,000 to $74,999 18.5% 17.2%
$75,000 to $99,999 15.7% 12.8%
$100,000 to $149,999 9.6% 15.6%
$150,000 to $199,999 1.2% 7.1%

EDUCATION

Education Elwood USA
< 9th Grade 2% 5.0%
9-12th Grade 8% 7.0%
High School or GED 51% 27.0%
Other College 20% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 6% 20.0%
Master's Degree 2% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
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. 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.

Cost of living in Elwood is 77, which is 23% lower than national average. In Elwood, only 9% of adults have a bachelor's degree and 30% have some college but no degree. 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.
Elwood Scorecard

Jobs60%

Housing40%

Affordability85%

Safety85%

Amenities85%

Diversity50%

Education50%

THANKS FOR READING

Read this story and other stories in details on our Website.
FIND OUT MORE DETAILS