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:
  • 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

2016 Educational Attainment Age 25 + (U.S. Census)

Degree Type
%
High School or Higher 96.2%                    
Bachelor or Higher 15.8%
Graduate or Professional
6.4%

2016 Real Estate Prices for 3 Bedroom Single-Family Home 

Type Price
Average Sold Price >
$255,499        

Income


  • 2016 Median Household Income (U.S. Census) - $68,172
  • 2016 Per Capita Income (U.S. Census) - $33,317

Single-Family Building Permits

Year Number of Permits
2005                               
20
2006 33
2007 6
2013 1
Typical Tax Rate (Per $100 of Assessed Value)
  • $6.47
Park Department
  • 3 Parks

Total Retail Sales (Illinois Department of Revenue)

Year Sales Amount
2004                     
$286,936
2005 $301,162
2006 $325,027