| Index | Elwood | Nebraska | National |
| Average Test Scores | 53% | 53% | 48% |
| Student/Teacher ratio | n/a | 13:1 | 16:1 |
| Total public schools | n/a | 780 | 79,221 |
| Total private schools | n/a | 182 | 24,874 |
| Total post-secondary schools | n/a | 56 | 7,963 |
| Index | Elwood | Nebraska | National |
| Completed 8th grade | 93.1% | 88.4% | 84.3% |
| Completed high school | 91.7% | 87.2% | 83.0% |
| Completed some college | 54.2% | 63.7% | 59.4% |
| Completed associate degree | 30.6% | 40.1% | 38.5% |
| Completed bachelors | 21.0% | 30.0% | 30.3% |
| Completed masters | 5.0% | 9.9% | 11.5% |
| Completed professional degree | 0.4% | 2.9% | 3.3% |
| Completed doctorate | 0.0% | 1.2% | 1.3% |
There are a total of n/a public schools, n/a private schools and n/a post-secondary schools in Elwood. Using the proficiency score averages, the average test scores for Elwood, NE schools is 53%. The average student to teacher ratio is n/a. In Elwood, NE, an average of 93.1% of students have completed 8th grade and an average of 91.7% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Eustis, NE | 502 | 45% | 6.3% |
| Bertrand, NE | 741 | 42% | 12.0% |
| Lexington, NE | 10,069 | 38% | 21.3% |
| Elwood, NE | 674 | 53% | 9.4% |
| City | Population | Avg. Test Scores | National Avg. |
| Camp Douglas, WI | 674 | 25% | 47.9% |
| Mayesville, SC | 674 | 27% | 43.8% |
| Liberal, MO | 674 | 31% | 34.7% |
| Conneaut Lake, PA | 674 | 52% | 7.3% |
| Brandon, MN | 674 | 64% | 33.3% |
| Elwood, NE | 674 | 53% | 9.4% |
Here are the best places to live in Nebraska
See the best places to live in Elwood
These are the 10 cheapest cities in Nebraska
Check out the 10 safest cities in Nebraska