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The total population of Elmwood is estimated to be 744 with 347 males (46.64%) and 397 females (53.36%). There are 50 more females than males in Elmwood.
The median household income in Elmwood was $78,752 in 2021, which marked an an increase of 6,643(9.21%) from $72,109 in 2020. This income is 105.56% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elmwood sees its highest median household income among householders in the age group of 25 to 44 years old, at $108,863. Overall, the median household income for the village of Elmwood stands at $78,752.
In Elmwood, the median income for all workers aged 15 years and older, regardless of work hours, was $55,889 for males and $35,744 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,895 for males and $47,965 for females.
In Elmwood, population is primarily represented by White households, reporting a median income of $79,138.
In 2022, the population of Elmwood was 661, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Elmwood's population was 661, an increase of 1.54% compared to a population of 651 in 2020.
The median age in Elmwood, NE is 34.2, as per 2021 ACS 5-Year Estimates. Of the total population, 23.52% were under the age of 15, 17.74% aged 15 to 29, 41.95% aged 30 to 64, 13.48% aged 65 to 84, and 3.30% were 85 years of age and older.
Racial distribution of Elmwood population: 98.35% are White, 0.55% are American Indian and Alaska Native and 1.10% are multiracial.