Elwood, NJ Profile: Facts & Data

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Elwood, New Jersey - Basic Facts

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The Elwood CDP(1) had a population of 1,363 as of July 1, 2021. 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 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.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Elwood 2021 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 - 2021 Demographics
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Elwood, NJ Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 1,363 (100%)
Population in Households 1,301 (95.5%)
Population in Families 1,119 (82.1%)
Population in Group Quarters1 62 ( 4.5%)
Population Density 427
Diversity Index2 81
 
 

INCOME

Median Household Income $69,965
Average Household Income $72,156
% of Income for Mortgage4 13%
Per Capita Income $22,493
Wealth Index5 57
 

HOUSING

Total HU (Housing Units) 452 (100%)
Owner Occupied HU 349 (77.2%)
Renter Occupied HU 66 (14.6%)
Vacant Housing Units 37 ( 8.2%)
Median Home Value $215,833
Average Home Value $234,770
Housing Affordability Index3 167
 

HOUSEHOLDS

Total Households 415
Average Household Size 3.13
Family Households 320
Average Family Size 4
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. 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 races 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.
  3. 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.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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

2010-2021 2021-2026
Population -0.47% -0.58%
Households -0.44% -0.63%
Families -0.54% -0.7%
Median Household Income   2.35%
Per Capita Income   2.59%
Owner Occupied HU   -0.4%

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, 2021 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 # 441 19th
Population Density # 501 8th
Median Household Income # 411 25th
Housing Affordability Index # 464 85th
Per Capita Income # 524 4th
Diversity Index # 36 94th

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

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