| Index | Elwood | Indiana | National |
| Average Test Scores | 27% | 46% | 48% |
| Student/Teacher ratio | 15:1 | 22:1 | 16:1 |
| Total public schools | 6 | 1,755 | 79,221 |
| Total private schools | n/a | 675 | 24,874 |
| Total post-secondary schools | n/a | 141 | 7,963 |
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| Index | Elwood | Indiana | National |
| Completed 8th grade | 74.3% | 84.6% | 84.3% |
| Completed high school | 73.2% | 82.9% | 83.0% |
| Completed some college | 35.8% | 53.8% | 59.4% |
| Completed associate degree | 17.9% | 33.0% | 38.5% |
| Completed bachelors | 10.3% | 24.6% | 30.3% |
| Completed masters | 2.7% | 8.9% | 11.5% |
| Completed professional degree | 0.7% | 2.4% | 3.3% |
| Completed doctorate | 0.2% | 1.0% | 1.3% |
There are a total of 6 public schools, n/a private schools and n/a post-secondary schools in Elwood. Using the proficiency score averages, the average test scores for Elwood, IN schools is 27%. The average student to teacher ratio is 15:1. In Elwood, IN, an average of 74.3% of students have completed 8th grade and an average of 73.2% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Lapel, IN | 2,436 | 52% | 7.6% |
| Arcadia, IN | 1,579 | 51% | 6.6% |
| Greentown, IN | 2,078 | 50% | 4.9% |
| Tipton, IN | 5,160 | 50% | 3.5% |
| Summitville, IN | 1,012 | 47% | 2.1% |
| Elwood, IN | 8,639 | 27% | 43.8% |
| City | Population | Avg. Test Scores | National Avg. |
| Rice Lake, WI | 8,642 | 47% | 1.3% |
| McRae-Helena, GA | 8,643 | 39% | 19.0% |
| Toccoa, GA | 8,644 | 39% | 19.0% |
| Virginia, MN | 8,634 | 49% | 2.3% |
| Denison, IA | 8,630 | 63% | 31.3% |
| Elwood, IN | 8,639 | 27% | 43.8% |
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