Living in Elmwood, Nebraska
Cost of living, income, home prices, rent and demographics of Elmwood · Census data 2020–2024
Elmwood has 774 residents with a median age of 37.1. The median household income is $76,944 (about the same as the Nebraska median), the median home value is $194,800, the median rent is $743/month.
Elmwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elmwood at a glance
- Population
- 774
- Median age
- 37.1State: 37.2
- Median household income
- $76,944State: $76,475
- Median home value
- $194,800State: $238,600
- Median rent
- $743/moState: $1,072
- Homeowners
- 91.5%
- Bachelor's degree or higher
- 31.5%
- Average commute
- 27 min
Is Elmwood a good place to live?
Pros: Median household income about the same as the Nebraska median; home values 18% lower than the state median; unemployment of 1.3%.
Cons: An average commute of 27 minutes; a poverty rate of 11.2%.
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 $194,800, 41% lower than the U.S. median. Renters pay a median of $743 per month, which is 35.6% 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 $76,944 and the income per person is $44,391. 11.2% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Elmwood: homes for sale and rent
- Housing units
- 317
- Owner-occupied
- 91.5%
- Renter-occupied
- 8.5%
- Vacant
- 3.5%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.53
Elmwood demographics
- Population
- 774
- Median age
- 37.1
- Under 18
- 28.9%
- 65 and older
- 21.1%
- Households
- 306
- Foreign-born
- 0.5%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Elmwood ›
Education in Elmwood
31.5% of adults 25 and older in Elmwood have a bachelor's degree or higher (Nebraska: 34.6%), and 11.8% have a graduate or professional degree.
Jobs and commute in Elmwood
- Unemployment rate
- 1.3%State: 3%
- Average commute
- 27 minState: 19 min
- Work from home
- 12.7%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 93.8%
Elmwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elmwood | 774 | $76,944 | $194,800 | $743 |
| Alvo | 123 | $113,750 | $187,500 | — |
| Murdock | 228 | $59,167 | $178,100 | $1,000 |
| Eagle | 1,259 | $76,875 | $172,800 | $1,104 |
| Weeping Water | 1,407 | $83,750 | $185,800 | $1,021 |
| Manley | 204 | $63,750 | $162,500 | — |
| Woodland Hills | 205 | $138,646 | $452,400 | — |
| Avoca | 190 | $66,563 | $137,500 | $867 |
| Palmyra | 589 | $85,139 | $164,500 | $1,188 |
More for people moving to Elmwood
Elmwood ZIP code ›Weather and climate ›Living in Elmwood: FAQ
What is the median household income in Elmwood, NE?
The median household income in Elmwood is $76,944, about the same as the Nebraska median of $76,475 (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 $194,800, compared with $238,600 in Nebraska.
How much is rent in Elmwood?
The median gross rent in Elmwood is $743 per month, about 35.6% of household income.
Is Elmwood, NE a good place to live?
Pluses: median household income about the same as the Nebraska median; home values 18% lower than the state median; unemployment of 1.3%. Minuses: an average commute of 27 minutes; a poverty rate of 11.2%.
What is the median age in Elmwood?
The median age in Elmwood is 37.1 years (Nebraska: 37.2).
How long is the commute in Elmwood?
The average commute to work in Elmwood is 27 minutes; 12.7% of workers work from home.
What is the unemployment rate in Elmwood?
The unemployment rate in Elmwood is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elmwood?
31.5% 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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