Elwood, NJ Profile: Facts & Data

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Elwood, New Jersey - Basic Facts

The Elwood Census Designated Place had a population of 1,358 as of July 1, 2019. Elwood ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Elwood is located at latitude 39.5765 and longitude -74.7168 in Atlantic County. The formal boundaries for the Elwood Census Designated Place encompass a land area of 3.2 sq. miles and a water area of 0 sq. miles. Atlantic County is in the Eastern time zone (GMT -5). The elevation is 89 feet.

The Elwood Census Designated Place (GNIS ID: 2389040) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Elwood Census Designated Place is located within Township of Mullica, a minor civil division (MCD) of Atlantic County.

Alternate Unofficial Names for Elwood: Colville.

Jump to... (On This Page!)
  1. Elwood 2019 Demographic Data
  2. Growth Rates for Elwood (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Elwood, NJ Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Elwood, NJ Housing Affordability Index is 134
State of New Jersey Housing Affordability Index is 91
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Elwood, NJ Wealth Index is 43
State of New Jersey Wealth Index is 148
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New Jersey address.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 1,358
Population in Households 1,293
Population in Familes 1,117
Population in Group Qrtrs 65
Population Density 425
Diversity Index1 81
 

INCOME

Median Household Income $47,117
Average Household Income $55,782
Per Capita Income $17,037
Wealth Index3 43

HOUSING

Total Housing Units 448 (100%)
Owner Occupied HU 330 (73.7%)
Renter Occupied HU 75 (16.7%)
Vacant Housing Units 43 ( 9.6%)
Median Home Value $164,091
Housing Affordability Index2 134
 

HOUSEHOLDS

Total Households 405
Average Household Size 3.19
Family Households 314
Average Family Size 4
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.61% -0.45%
Households -0.79% -0.6%
Families -0.86% -0.65%
Median Household Income   3.04%
Per Capita Income   2.69%

Elwood, NJ - Peer Comparisons by Rank and Percentile

The table below compares Elwood to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 442 19th
Population Density # 504 8th
Diversity Index # 36 94th
Median Household Income # 505 8th
Per Capita Income # 538 1st

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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