Cost of living in Elwood, IL

Elwood is a Census village in Will County, IL. ACS 2024 5-year population is 2,001. Median gross rent is $1,201 (ACS 2024 5-year, this place). Median home value is $237,500. Median household income is $86,458. Insurance is the NAIC state average; food is a USDA plan — no town indexes.