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The total population of Elmwood is estimated to be 2,159 with 983 males (45.53%) and 1,176 females (54.47%). There are 193 more females than males in Elmwood.
The median household income in Elmwood was $85,143 in 2021, which marked an a decrease of 15(0.02%) from $85,158 in 2020. This income is 114.12% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elmwood sees its highest median household income among householders in the age group of 45 to 64 years old, at $95,781. Overall, the median household income for the city of Elmwood stands at $85,143.
In Elmwood, the median income for all workers aged 15 years and older, regardless of work hours, was $52,894 for males and $31,151 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,801 for males and $52,517 for females.
In Elmwood, population is primarily represented by White households, reporting a median income of $85,209.
In 2022, the population of Elmwood was 2,020, a 0.79% decrease year-by-year from 2021. Previously, in 2021, Elmwood's population was 2,036, a decline of 0.92% compared to a population of 2,055 in 2020.
The median age in Elmwood, IL is 36.7, as per 2021 ACS 5-Year Estimates. Of the total population, 25.72% were under the age of 15, 16.34% aged 15 to 29, 43.80% aged 30 to 64, 12.76% aged 65 to 84, and 1.37% were 85 years of age and older.
Racial distribution of Elmwood population: 97.62% are White, 0.76% are Asian and 1.61% are multiracial.