Living in Elwood, New Jersey
Cost of living, income, home prices, rent and demographics of Elwood · Census data 2020–2024
Elwood has 733 residents with a median age of 59.6. The median household income is $85,954 (17% lower than the New Jersey median), the median home value is $208,900.
Elwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elwood at a glance
- Population
- 733
- Median age
- 59.6State: 40.1
- Median household income
- $85,954State: $103,556
- Median home value
- $208,900State: $454,400
- Homeowners
- 100%
- Bachelor's degree or higher
- 16.5%
- Average commute
- 23 min
Is Elwood a good place to live?
Pros: Home values 54% lower than the state median; an average commute of 23 minutes; unemployment of 1.9%.
Cons: Median household income 17% lower than the New Jersey median; a poverty rate of 10.3%.
The weather is best in May–June and August–September.
Cost of living in Elwood
Housing is the biggest part of the cost of living. In Elwood the median home value is $208,900, 37% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,665 a month in housing costs.
Elwood median household income
The median household income in Elwood is $85,954 and the income per person is $50,759. 10.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Elwood: homes for sale and rent
- Housing units
- 373
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 1.76
Elwood demographics
- Population
- 733
- Median age
- 59.6
- Under 18
- 0.5%
- 65 and older
- 37.2%
- Households
- 373
- Foreign-born
- 6.8%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Elwood ›
Education in Elwood
16.5% of adults 25 and older in Elwood have a bachelor's degree or higher (New Jersey: 43.6%), and 5.3% have a graduate or professional degree.
Jobs and commute in Elwood
- Unemployment rate
- 1.9%State: 6.3%
- Average commute
- 23 minState: 31 min
- Work from home
- 0%
- Drive alone
- 88.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.2%
Elwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elwood | 733 | $85,954 | $208,900 | — |
| Mullica | 5,832 | $93,421 | $295,600 | $1,125 |
| Sweetwater | 1,067 | $105,489 | $492,700 | — |
| Egg Harbor City | 4,400 | $71,711 | $197,100 | $1,451 |
| Hamilton | 28,204 | $78,850 | $246,200 | $1,691 |
| Hammonton | 14,840 | $78,087 | $349,800 | $1,611 |
| Germania | 890 | $127,869 | $351,900 | — |
| Folsom | 1,773 | $110,227 | $273,700 | $1,705 |
| Cologne | 1,083 | $128,036 | $339,400 | $2,325 |
More for people moving to Elwood
Elwood ZIP code ›Weather and climate ›Living in Elwood: FAQ
What is the median household income in Elwood, NJ?
The median household income in Elwood is $85,954, 17% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elwood?
The median home value in Elwood is $208,900, compared with $454,400 in New Jersey.
Is Elwood, NJ a good place to live?
Pluses: home values 54% lower than the state median; an average commute of 23 minutes; unemployment of 1.9%. Minuses: median household income 17% lower than the New Jersey median; a poverty rate of 10.3%.
What is the median age in Elwood?
The median age in Elwood is 59.6 years (New Jersey: 40.1).
How long is the commute in Elwood?
The average commute to work in Elwood is 23 minutes; 0% of workers work from home.
What is the unemployment rate in Elwood?
The unemployment rate in Elwood is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elwood?
16.5% of adults in Elwood 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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