The labor force participation rate in Elwood is 69.3%, with an unemployment rate of 4.5%. For people in the work force, the typical commute time is 34.3 minutes. 4.7% of Elwood’s residents have a graduate degree, and 12.3% have earned a bachelors degree. For all without a college degree, 31% attended some college, 47% have a high school diploma, and only 5% have an education less than senior high school. 2% are not covered by medical insurance.
The typical family unit size in Elwood, IL is 3.14 residential members, with 91.7% owning their own homes. The average home valuation is $170100. For people leasing, they pay an average of $891 monthly. 59.9% of homes have dual incomes, and an average household income of $79054. Average individual income is $37366. 6.3% of residents live at or beneath the poverty line, and 10.5% are disabled. 7.9% of residents are ex-members regarding the armed forces.
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