Elwood, UT
Population 1,643 · Utah
About Elwood, UT
Elwood is a small community in Utah with a population of 1,643 residents. The median household income is $99,375 per year, which is above the national average. The median age in Elwood is 32.2 years.
Housing in Elwood has a median home value of $480,100 and median monthly rent of $1,375. Of the 448 total housing units, the majority are owner-occupied, with 419 owner-occupied and 27 renter-occupied units.
The unemployment rate in Elwood is 5.4% and the poverty rate is 3.3%. 22.4% of residents hold a bachelor's degree or higher. The average commute time is 24.5 minutes.
Cost of Living in Elwood, UT
Compared to national averages, Elwood has a median household income of $99,375 (32% above the national median of $75,149). Home values average $480,100, which is 96% above the national median. Monthly rent at $1,375 is 18% above the US average of $1,163. Within Utah, Elwood's income is 12% above the state average of $88,715, and home values are 13% above the state median of $426,386.
Why Live in Elwood, UT?
Elwood offers a strong local economy with a median household income of $99,375, well above the national average, and a low poverty rate of 3.3%, better than the national average, and short commute times averaging just 24.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $480,100. However, Elwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elwood has a population of 1,643 with a median age of 32.2 years. Compare Elwood with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Elwood
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mantua | 1,642 | $134,239 | $570,000 | Compare |
| Mona | 1,647 | $91,552 | $418,900 | Compare |
| Ballard | 1,648 | $81,250 | $241,100 | Compare |
| Wolf Creek | 1,599 | $162,708 | $699,500 | Compare |
| Silver Summit | 1,574 | $235,329 | $2,000,001 | Compare |
| Enterprise | 1,543 | $72,407 | $311,700 | Compare |
| Duchesne | 1,744 | $78,854 | $216,700 | Compare |
| Fountain Green | 1,539 | $70,402 | $321,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
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, UT?
The population of Elwood, UT is 1,643 according to the latest Census data.
What is the median household income in Elwood?
The median household income in Elwood, UT is $99,375 per year.
What is the median home value in Elwood?
The median home value in Elwood, UT is $480,100.
What is the average rent in Elwood?
The median monthly rent in Elwood, UT is $1,375.
What is the unemployment rate in Elwood?
The unemployment rate in Elwood, UT is 5.4%.