Living in Elwin, Illinois
Cost of living, income, home prices, rent and demographics of Elwin · Census data 2020–2024
Elwin has 40 residents with a median age of 67.4. The median home value is $122,200.
Elwin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elwin at a glance
- Population
- 40
- Median age
- 67.4State: 39
- Median home value
- $122,200State: $263,300
- Homeowners
- 100%
- Bachelor's degree or higher
- 20%
Is Elwin a good place to live?
Pros: Home values 54% lower than the state median.
The weather is best in May–June and August–September.
Cost of living in Elwin
Housing is the biggest part of the cost of living. In Elwin the median home value is $122,200, 63% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in Elwin: homes for sale and rent
- Housing units
- 30
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 1.33
Elwin demographics
- Population
- 40
- Median age
- 67.4
- Under 18
- 0%
- 65 and older
- 60%
- Households
- 30
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Elwin ›
Education in Elwin
20% of adults 25 and older in Elwin have a bachelor's degree or higher (Illinois: 37.8%), and 20% have a graduate or professional degree.
Jobs and commute in Elwin
- Unemployment rate
- 0%State: 5.8%
- Average commute
- —State: 28 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 76.7%
Elwin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elwin | 40 | — | $122,200 | — |
| Boody | 301 | $53,500 | $104,900 | — |
| Macon | 1,047 | $68,750 | $108,600 | $918 |
| Mount Zion | 5,660 | $103,365 | $201,100 | $744 |
| Decatur | 69,815 | $51,592 | $99,600 | $845 |
| Harristown | 1,550 | $72,426 | $117,700 | $825 |
| Long Creek | 1,392 | $78,519 | $167,500 | $850 |
| Blue Mound | 882 | $70,329 | $123,100 | $950 |
| Dalton City | 694 | $77,750 | $103,600 | $860 |
More for people moving to Elwin
Elwin ZIP code ›Weather and climate ›Living in Elwin: FAQ
What is the average home price in Elwin?
The median home value in Elwin is $122,200, compared with $263,300 in Illinois.
Is Elwin, IL a good place to live?
Pluses: home values 54% lower than the state median.
What is the median age in Elwin?
The median age in Elwin is 67.4 years (Illinois: 39).
What is the unemployment rate in Elwin?
The unemployment rate in Elwin is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elwin?
20% of adults in Elwin 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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