Ellwood City is a borough located largely in Lawrence County, Pennsylvania, with a minor fraction in Beaver County. Ellwood City is located 30 miles (48 kilometers) northwest of Pittsburgh and 8 miles (13 kilometers) southeast of New Castle. Lawrence County had a population of 7,289 people, while Beaver County had a population of 632. Ellwood City's median household income is $37,213, which is lower than the national average of $52,869. The percentage of residents living below the poverty line is 14%, higher than the national average of 12%. Ellwood City was originally called "Newburg" after a prominent family that settled there before the American Revolution. The name was changed to "Ellwood" after an early landowner named John Ellwanger. The Borough was incorporated on February 25, 1872. Today, Ellwood City is home to several businesses including two hospitals, a college, a large distribution center, and many other small industries. There are also several churches, a library, a community center, and a football stadium. The population of Ellwood City is approximately 9,000 people. Ellwood City is known as the "Turkey Capital of the World" because of all the turkey produced in Pennsylvania, half are raised in Ellwood City. Also, since 1950, Ellwood City has held an annual Turkey Day Festival where people can watch a bird be roasted whole.