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
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