Elwin, IL
Population 33 · Illinois
About Elwin, IL
Elwin is a small community located in Illinois with a population of 33 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 25.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Elwin features a median home value of $114,100, which is 53% below the national median of $244,900. This makes Elwin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 23 total housing units, 100% are owner-occupied (23 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elwin shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elwin have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
34.8% of Elwin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Elwin, IL
Compared to national averages, Elwin has a median household income of $0 (100% below the national median of $75,149). Home values average $114,100, which is 53% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Elwin's income is 100% below the state average of $75,072, and home values are 31% below the state median of $165,779.
Why Live in Elwin, IL?
Elwin offers affordable housing with a median home value of $114,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 34.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Elwin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elwin has a population of 33 with a median age of 25.8 years. Compare Elwin with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elwin
What is the population of Elwin, IL?
The population of Elwin, IL is 33 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Elwin?
The median household income in Elwin, IL is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Elwin?
The median home value in Elwin, IL is $114,100, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elwin?
The median monthly rent in Elwin, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Elwin?
The unemployment rate in Elwin, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elwin, IL a good place to live?
Elwin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 33 and a median age of 25.8, the city appeals to young professionals and families.
How educated is Elwin, IL?
34.8% of residents in Elwin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Elwin?
Key cost-of-living indicators for Elwin, IL: median home value is $114,100 (53% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Elwin?
The poverty rate in Elwin, IL is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elwin, IL?
Elwin's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.