Demographics

The Village of Elwood is strategically located in the heart of Will County, one of the fastest growing counties in the nation.
Here are a few key advantages of our location:
  • Abraham Lincoln National Cemetery which consists of 982 acres of cemetery and was dedicated on October 3, 1999 as the 117th National Cemetery within the Department of Veterans Affairs National Cemetery Administration. 
  • Midewin National Tallgrass Prairie was established in 1996 by the Illinois Land Conversation Act, where a whole-community restoration process began and has created more habitats for grassland birds, expand recreation, agriculture, education and research. 
  • Affordable land
  • Strategic location - minutes from major interstate access - I-80, I-55 and I-355
  • Immediate rail access - Elwood is home to Elwood International Port, one of the largest intermodal centers in North America
  • Available workforce- Will County is 36th nationally for new job creation. Total employment in Will County has increased 75%* and is projected to keep increasing.


Profile of the Village of Elwood

Population

Year Population/Change
1980 814
1990 951
2000 1,635
2006 2,300
Population change since 2000
2014
+39.9%
2,267
2020 2258

2020 Educational Attainment Age 25 + (World Population Review)

Degree Type
 %
High School  45.26%                    
Some College 24.02%
Associate's Degree 10.14%
Bachelor's Degree 12.85%
Graduate Degree
 3.92%

2014-2018 Median Housing Value 

Type Price
Average Sold Price >
 $214,900  

Income

  • 2020 Median Household Income - $75,469
  • 2020 Median Married Families Income - $99,625
  • 2020 Median Non Families Income - $35,735

Single-Family Building Permits

Year Number of Permits
2005                               
20
2006 33
2007 6
2013 1
2016 3
2019 1

Typical Tax Rate (Per $100 of Assessed Value)

  • $7.88

Park Department

  • 4 Parks

Total Retail Sales (Illinois Department of Revenue)

Year Sales Amount
2004                     
$286,936
2005 $301,162
2006 $325,027
2017 $94,168.00
2018 $112,029.39
2019 $121,078.53