From the small town called Quincy to the city it is today, Elwood has prospered through the years. Quincy became Elwood on June 15, 1869. In the early years, the town prospered from the natural gas wells and later farming and canning factories as well as the Tin Plate and hand blown glass factories.
Elwood is a city in Madison and Tipton counties in the U.S. state of Indiana. The Madison County portion, which includes most of the city, is part of the Anderson, Indiana Metropolitan Statistical Area, while the small portion in Tipton County is part of the Kokomo, Indiana Metropolitan Statistical Area. The population was 8,614 at the 2010 census.