Elmwood, WI
Population 699 · Wisconsin
About Elmwood, WI
Elmwood is a small community located in Wisconsin with a population of 699 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,313 per year, which is 26% below the national median of $75,149. The median age of 56 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Elmwood features a median home value of $165,000, which is 33% below the national median of $244,900. This positions Elmwood in a moderately priced market relative to the rest of the country. Median monthly rent is $804, 31% below the national average of $1,163/month. Of the 345 total housing units, 69% are owner-occupied (208 units) and 31% are renter-occupied (95 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elmwood shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.6%, above the national average of 12.4%. Workers in Elmwood have an average one-way commute time of 26.6 minutes.
Education & Demographics
14.5% of Elmwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Elmwood, WI
Compared to national averages, Elmwood has a median household income of $55,313 (26% below the national median of $75,149). Home values average $165,000, which is 33% below the national median. Monthly rent at $804 is 31% below the US average of $1,163. Within Wisconsin, Elmwood's income is 24% below the state average of $72,579, and home values are 20% below the state median of $205,802.
Why Live in Elmwood, WI?
Elmwood offers affordable housing with a median home value of $165,000, below the US average of $244,900, and rent that’s lower than the national average at $804/month, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($55,313) that falls below the national average. However, Elmwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elmwood has a population of 699 with a median age of 56 years. Compare Elmwood with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Elmwood
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mount Calvary | 699 | $84,886 | $201,400 | Compare |
| Oconomowoc Lake | 699 | $250,001 | $1,328,700 | Compare |
| Rockland | 698 | $75,625 | $213,600 | Compare |
| Siren | 700 | $39,688 | $172,500 | Compare |
| Tigerton | 698 | $57,139 | $122,600 | Compare |
| Biron | 694 | $58,000 | $154,000 | Compare |
| Brownsville | 693 | $100,341 | $235,100 | Compare |
| Cassville | 693 | $57,708 | $113,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elmwood With Other Cities
Frequently Asked Questions about Elmwood
What is the population of Elmwood, WI?
The population of Elmwood, WI is 699 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Elmwood?
The median household income in Elmwood, WI is $55,313 per year, which is 26% below the national median of $75,149.
What is the median home value in Elmwood?
The median home value in Elmwood, WI is $165,000, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elmwood?
The median monthly rent in Elmwood, WI is $804, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Elmwood?
The unemployment rate in Elmwood, WI is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elmwood, WI a good place to live?
Elmwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 699 and a median age of 56, the city appeals to established professionals and retirees.
How educated is Elmwood, WI?
14.5% of residents in Elmwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Elmwood?
Key cost-of-living indicators for Elmwood, WI: median home value is $165,000 (33% below national), median rent is $804/month, and median household income is $55,313. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elmwood?
The poverty rate in Elmwood, WI is 17.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Elmwood, WI?
Elmwood's population is 0.0% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.