Elwood, IN
Data last updated April 22, 2026
Data last updated April 22, 2026
This data is based on ZIP code 46036.
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.
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Elwood ZIP Area Economy · 2023
Wages -3% vs. avg. Madison Co. town
Elwood's ZIP area supports 3,315 jobs across 199 businesses, with workers earning an average of $48K per year, 3% below the Madison County average. The economy is well-diversified (0.94 index), led by retail trade and other services. 86.9% of businesses have fewer than 20 employees, and each business employs an average of 16.7 people. Jobs grew 7.7% from the prior year while business count grew 0%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Madison Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
199 businesses by employee count. 86.9% are small businesses (under 20 employees).
Small (10-19)
Micro (<5)
Small (5-9)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
0.40
jobs per resident
16.7
employees per business
County avg: 15.7+6%
$19K
payroll per resident
$800K
payroll per business
Elwood ZIP Area vs. Avg. Madison Co. Towni
All Industries in ZIP Areai
| Sector | Elwood ZIP | Avg. Madison Co. | Spec. |
|---|---|---|---|
| Retail Trade | 29 | 46 | 1.1x |
| Other Services | 26 | 41 | 1.1x |
| Food & Accommodation | 23 | 32 | 1.2x |
| Construction | 19 | 39 | 0.8x |
| Healthcare | 19 | 46 | 0.7x |
| Transportation | 13 | 12 | 1.8x |
| Manufacturing | 10 | 14 | 1.2x |
| Finance & Insurance | 10 | 21 | 0.8x |
| Real Estate | 9 | 13 | 1.2x |
| Wholesale Trade | 8 | 15 | 0.9x |
| Professional Services | 6 | 25 | 0.4x |
| Admin Services | 5 | 19 | 0.4x |
| Arts & Entertainment | 4 | 5 | 1.4x |