Cost of living in Elwood, IN

Elwood is a Census city in Madison County, IN. ACS 2024 5-year population is 8,356. Median gross rent is $860 (ACS 2024 5-year, this place). Median home value is $97,800. Median household income is $53,280. Insurance is the NAIC state average; food is a USDA plan — no town indexes.