Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Located in the state of Indiana, Elwood is a small city with a population of 8,435 residents. At 95%, the majority of the Elwood population is White; this is followed by 1% Black and 0% Asian. Elwood is very likely to be a great place to live for singles as only 48%, of the population (over fifteen) are classified as married. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Elwood, your commute time will align closely with the national average, spanning a one-way duration of approximately 25 minutes.
Living in Elwood can be a positive experience for anyone moving to the city. Having said that, in the state of Indiana, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like health & safety, education, housing, you can easily compare the best places to live in Elwood and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Elwood to Indiana and the national average.
The livability score in Elwood is 57/100 and the city is ranked in the 31st percentile of all cities across America. This is a poor rating when compared to the average of other places in the country. Based on the scores for each individual category, Elwood has received high marks for housing (B). There are some categories that Elwood ranks poorly for, including: amenities (F), education (F) and employment (F). It might be worth taking a closer look to figure out why.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Elwood, it boasts a notably low violent crime rate of 95 crimes per 100,000 residents, which significantly outperforms the national average.
Finding affordable real estate and housing in Elwood can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Elwood meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Elwood. Everything else becomes a lot less important if it turns out that home prices in Elwood are simply unattainable. The median home price for Elwood homes is $68,300, which is 46% lower than the Indiana average. If we take a closer look at the affordability of homes in Elwood, we’ll see that the home price to income ratio is 1.5, which is 40% lower than the Indiana average.
| Statistic | Elwood | Indiana | National |
| Average one way commute | 25min | 23min | 26min |
| Workers who drive to work | 79.1% | 83.0% | 76.4% |
| Workers who carpool | 13.1% | 8.9% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 1.0% | 0.5% | 0.6% |
| Workers who walk | 2.4% | 2.1% | 2.8% |
| Working from home | 2.9% | 3.5% | 4.6% |
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