Living in Elwood, Utah
Cost of living, income, home prices, rent and demographics of Elwood · Census data 2020–2024
Elwood has 1,547 residents with a median age of 30.8. The median household income is $101,771 (7% higher than the Utah median), the median home value is $516,400, the median rent is $1,333/month.
Elwood at a glance
- Population
- 1,547
- Median age
- 30.8State: 32
- Median household income
- $101,771State: $95,166
- Median home value
- $516,400State: $489,400
- Median rent
- $1,333/moState: $1,496
- Homeowners
- 94.1%
- Bachelor's degree or higher
- 22.3%
- Average commute
- 23 min
Is Elwood a good place to live?
Pros: Median household income 7% higher than the Utah median; a poverty rate of 3.8%.
Cons: Home values 6% higher than the state median; an average commute of 23 minutes; unemployment of 6.5%.
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 $516,400, 55% higher than the U.S. median. Renters pay a median of $1,333 per month, which is 18.9% of household income. Homeowners with a mortgage pay $1,764 a month in housing costs.
Elwood median household income
The median household income in Elwood is $101,771 and the income per person is $36,000. 3.8% of residents live below the poverty line (Utah: 8.5%).
Housing in Elwood: homes for sale and rent
- Housing units
- 445
- Owner-occupied
- 94.1%
- Renter-occupied
- 5.9%
- Vacant
- 0.9%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 3.51
Elwood demographics
- Population
- 1,547
- Median age
- 30.8
- Under 18
- 31.2%
- 65 and older
- 10.8%
- Households
- 441
- Foreign-born
- 0.7%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Elwood ›
Education in Elwood
22.3% of adults 25 and older in Elwood have a bachelor's degree or higher (Utah: 37.7%), and 6.3% have a graduate or professional degree.
Jobs and commute in Elwood
- Unemployment rate
- 6.5%State: 3.6%
- Average commute
- 23 minState: 22 min
- Work from home
- 9.8%
- Drive alone
- 78.2%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 95.2%
Elwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elwood | 1,547 | $101,771 | $516,400 | $1,333 |
| Deweyville | 415 | $88,750 | $484,100 | — |
| Honeyville | 1,275 | $87,083 | $477,800 | $1,325 |
| Tremonton | 11,477 | $74,741 | $364,900 | $1,220 |
| Bear River City | 867 | $97,895 | $433,100 | $1,125 |
| Garland | 2,660 | $74,375 | $360,400 | $868 |
| Corinne | 783 | $76,429 | $377,900 | $1,092 |
| Mendon | 1,482 | $148,261 | $594,100 | $785 |
| Thatcher | 1,170 | $100,750 | $404,100 | — |
More for people moving to Elwood
Elwood ZIP code ›Weather and climate ›Living in Elwood: FAQ
What is the median household income in Elwood, UT?
The median household income in Elwood is $101,771, 7% higher than the Utah median of $95,166 (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 $516,400, compared with $489,400 in Utah.
How much is rent in Elwood?
The median gross rent in Elwood is $1,333 per month, about 18.9% of household income.
Is Elwood, UT a good place to live?
Pluses: median household income 7% higher than the Utah median; a poverty rate of 3.8%. Minuses: home values 6% higher than the state median; an average commute of 23 minutes; unemployment of 6.5%.
What is the median age in Elwood?
The median age in Elwood is 30.8 years (Utah: 32).
How long is the commute in Elwood?
The average commute to work in Elwood is 23 minutes; 9.8% of workers work from home.
What is the unemployment rate in Elwood?
The unemployment rate in Elwood is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elwood?
22.3% 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.
Last updated: