This data is based on ZIP code 60421.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
Showing latest year snapshot. Full economic history and trends available with a paid plan. See products & pricing →
Elwood ZIP Area Economy · 2023
Wages -1% vs. avg. Will Co. town
Elwood's ZIP area supports 4,078 jobs across 91 businesses, with workers earning an average of $55K per year, 1% below the Will County average. The economy is moderately diversified (0.83 index), led by transportation and construction. 72.5% of businesses have fewer than 20 employees, and each business employs an average of 44.8 people. Jobs grew 17.2% from the prior year while business count declined 1.1%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Will Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
91 businesses by employee count. 72.5% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (250-499)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
44.8
employees per business
County avg: 16.9+165%
$111K
payroll per resident
$2.4M
payroll per business
Elwood ZIP Area vs. Avg. Will Co. Towni
All Industries in ZIP Areai
| Sector | Elwood ZIP | Avg. Will Co. | Spec. |
|---|---|---|---|
| Transportation | 33 | 113 | 2.7x |
| Construction | 15 | 97 | 1.4x |
| Food & Accommodation | 9 | 72 | 1.2x |
| Retail Trade | 8 | 88 | 0.8x |
| Real Estate | 5 | 30 | 1.6x |
| Admin Services | 5 | 55 | 0.8x |
| Manufacturing | 3 | 31 | 0.9x |
| Wholesale Trade | 3 | 42 | 0.7x |
| Professional Services | 3 | 68 | 0.4x |
| Other Services | 3 | 84 | 0.3x |