Overview Elwood is a tiny village located in the state of Nebraska. With a population of 637 people and just one neighborhood, Elwood is the 173rd largest community in Nebraska. Elwood has a large stock of pre-World War II architecture, making it one of the older and more historic villages in the country. Occupations and Workforce Unlike some villages where white-collar or blue-collar occupations dominate the local economy, Elwood is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Elwood is a village of service providers, managers, and professionals. There are especially a lot of people living in Elwood who work in management occupations (12.96%), sales jobs (10.53%), and maintenance occupations (8.10%). Setting & Lifestyle Overall, Elwood鈥檚 crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern. As is often the case in a small village, Elwood doesn't have a public transportation system that people use for their commute. Elwood Demographics The percentage of people in Elwood who are college-educated is somewhat higher than the average US community of 21.84%: 25.13% of adults in Elwood have at least a bachelor's degree. The per capita income in Elwood in 2022 was $35,575, which is middle income relative to Nebraska and the nation. This equates to an annual income of $142,300 for a family of four. However, Elwood contains both very wealthy and poor people as well. Elwood is a somewhat ethnically-diverse village. The people who call Elwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Elwood residents report their race to be White, followed by Native Hawaiian. Important ancestries of people in Elwood include German, English, Irish, Swedish, and Dutch. The most common language spoken in Elwood is English. Other important languages spoken here include Spanish and Polish.