Elwood, IL Employment - Median Household Income, Unemployment Rate

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15%

Income/capita NAT. AVG.

46%

Household income NAT. AVG.

33%

Unemployment NAT. AVG.

Index	Elwood	Illinois	National
Income per capita	$51,612	$47,397	$44,883
Median household income	$118,932	$88,967	$81,333
Median income owner occupied	$127,067	$111,557	$106,172
Median income renter occupied	$91,026	$52,117	$52,080
Median earnings male	$71,947	$60,185	$54,343
Median earnings female	$48,527	$40,368	$38,439
Unemployment rate	3.3%	6.6%	4.9%
Poverty level	9.0%	14.0%	15.1%

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Homes For Sale In Elwood, IL

17249 W Rob Ave

Elwood, IL

804 Deerpath Ln

Elwood, IL

24530 S Rowell Ave

Elwood, IL

21433 S Wooded Cove Dr

Elwood, IL

Key findings

The income per capita in Elwood is 15% higher than the national average
The median household income in Elwood is 46% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Elwood is 33% lower than the national average
The poverty level in Elwood is 41% lower than the national average

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am i middle class

$79,280 $118,932 $237,864

City

$59,305 $88,967 $177,934

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Elwood median earnings by income bracket

Elwood employment by industry

Labour Type	Male	Female
Construction industry	13.0%	13.0%
Manufacturing sector	19.8%	19.8%
Financial & insurance services	0.8%	0.8%
Wholesale & retail services	9.8%	9.8%
Public administration	4.8%	4.8%
Transportation, warehousing & utilities	20.2%	20.2%
Education, health & social services	9.5%	9.5%
Other	19.4%	19.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Frankfort, IL	19,886	$208,825	156.8%
New Lenox, IL	27,687	$169,277	108.1%
Homer Glen, IL	25,242	$164,552	102.3%
Mokena, IL	21,535	$164,488	102.2%
Manhattan, IL	8,415	$158,097	94.4%
Elwood, IL	2,603	$118,932	46.2%

Cities with similar population

City	Population	Household Income	National Avg.
Seneca, IL	2,603	$113,447	39.5%
Trenton, NS	2,603	n/a
Pima, AZ	2,602	$64,756	20.4%
Waretown, NJ	2,602	$130,308	60.2%
Nicoma Park, OK	2,602	$83,639	2.8%
Elwood, IL	2,603	$118,932	46.2%

Source: The Elwood, IL employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.