Elwood, NY
Population 11,140 · New York
About Elwood, NY
Elwood is a mid-sized city in New York with a population of 11,140 residents. The median household income is $170,987 per year, which is above the national average. The median age in Elwood is 47.2 years.
Housing in Elwood has a median home value of $664,200 and median monthly rent of $1,455. Of the 3,866 total housing units, the majority are owner-occupied, with 3,693 owner-occupied and 131 renter-occupied units.
The unemployment rate in Elwood is 1.8% and the poverty rate is 3.5%. 52.2% of residents hold a bachelor's degree or higher. The average commute time is 43.4 minutes.
Cost of Living in Elwood, NY
Compared to national averages, Elwood has a median household income of $170,987 (128% above the national median of $75,149). Home values average $664,200, which is 171% above the national median. Monthly rent at $1,455 is 25% above the US average of $1,163. Within New York, Elwood's income is 76% above the state average of $96,987, and home values are 72% above the state median of $387,181.
Why Live in Elwood, NY?
Elwood offers a strong local economy with a median household income of $170,987, well above the national average, and a strong job market with an unemployment rate of just 1.8%, and a well-educated community where 52.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $664,200. However, Elwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elwood has a population of 11,140 with a median age of 47.2 years. Compare Elwood with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Elwood
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Lindenhurst | 11,153 | $125,369 | $469,400 | Compare |
| Middle Island | 11,086 | $89,702 | $347,900 | Compare |
| Great Neck | 11,068 | $137,095 | $953,400 | Compare |
| Lake Grove | 11,050 | $119,558 | $550,700 | Compare |
| North Bellport | 10,999 | $99,551 | $392,100 | Compare |
| Terryville | 10,962 | $112,262 | $445,100 | Compare |
| Roessleville | 11,327 | $87,022 | $249,100 | Compare |
| Fulton | 11,339 | $52,123 | $100,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elwood
What is the population of Elwood, NY?
The population of Elwood, NY is 11,140 according to the latest Census data.
What is the median household income in Elwood?
The median household income in Elwood, NY is $170,987 per year.
What is the median home value in Elwood?
The median home value in Elwood, NY is $664,200.
What is the average rent in Elwood?
The median monthly rent in Elwood, NY is $1,455.
What is the unemployment rate in Elwood?
The unemployment rate in Elwood, NY is 1.8%.