Living in Elmwood, Illinois
Cost of living, income, home prices, rent and demographics of Elmwood · Census data 2020–2024
Elmwood has 2,327 residents with a median age of 39.2. The median household income is $90,285 (8% higher than the Illinois median), the median home value is $153,500, the median rent is $713/month.
Elmwood at a glance
- Population
- 2,327
- Median age
- 39.2State: 39
- Median household income
- $90,285State: $83,390
- Median home value
- $153,500State: $263,300
- Median rent
- $713/moState: $1,274
- Homeowners
- 79.7%
- Bachelor's degree or higher
- 37.9%
- Average commute
- 25 min
Is Elmwood a good place to live?
Pros: Median household income 8% higher than the Illinois median; home values 42% lower than the state median; an average commute of 25 minutes; unemployment of 1%; a poverty rate of 10.1%.
The weather is best in May–June and August–September.
Cost of living in Elmwood
Housing is the biggest part of the cost of living. In Elmwood the median home value is $153,500, 54% lower than the U.S. median. Renters pay a median of $713 per month, which is 43.7% of household income. Homeowners with a mortgage pay $1,561 a month in housing costs.
Elmwood median household income
The median household income in Elmwood is $90,285 and the income per person is $39,490. 10.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Elmwood: homes for sale and rent
- Housing units
- 1,055
- Owner-occupied
- 79.7%
- Renter-occupied
- 20.3%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.41
Elmwood demographics
- Population
- 2,327
- Median age
- 39.2
- Under 18
- 28.7%
- 65 and older
- 17.7%
- Households
- 958
- Foreign-born
- 0.8%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Elmwood ›
Education in Elmwood
37.9% of adults 25 and older in Elmwood have a bachelor's degree or higher (Illinois: 37.8%), and 11.2% have a graduate or professional degree.
Jobs and commute in Elmwood
- Unemployment rate
- 1%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 13.7%
- Drive alone
- 69.4%
- Public transit
- 0.4%
- Walk to work
- 7.2%
- Homes with broadband
- 88.4%
Elmwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elmwood | 2,327 | $90,285 | $153,500 | $713 |
| Yates City | 500 | $63,750 | $97,100 | $590 |
| Brimfield | 750 | $70,000 | $140,700 | $900 |
| Farmington | 2,050 | $65,223 | $101,300 | $918 |
| Trivoli | 365 | $67,407 | $151,900 | — |
| Hanna City | 1,330 | $73,265 | $123,900 | $905 |
| Maquon | 161 | $63,125 | $72,500 | $617 |
| Williamsfield | 531 | $82,417 | $109,800 | $617 |
| Norris | 303 | $44,844 | $63,100 | $863 |
More for people moving to Elmwood
Elmwood ZIP code ›Weather and climate ›Living in Elmwood: FAQ
What is the median household income in Elmwood, IL?
The median household income in Elmwood is $90,285, 8% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elmwood?
The median home value in Elmwood is $153,500, compared with $263,300 in Illinois.
How much is rent in Elmwood?
The median gross rent in Elmwood is $713 per month, about 43.7% of household income.
Is Elmwood, IL a good place to live?
Pluses: median household income 8% higher than the Illinois median; home values 42% lower than the state median; an average commute of 25 minutes; unemployment of 1%; a poverty rate of 10.1%.
What is the median age in Elmwood?
The median age in Elmwood is 39.2 years (Illinois: 39).
How long is the commute in Elmwood?
The average commute to work in Elmwood is 25 minutes; 13.7% of workers work from home.
What is the unemployment rate in Elmwood?
The unemployment rate in Elmwood is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elmwood?
37.9% of adults in Elmwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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