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Toledo, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,197
Population
$56,354
Median Income
$86,100
Home Value
39.4
Median Age

Demographics

Toledo has a population of 1,197 with a median age of 39.4. Here is the racial and ethnic breakdown of the population:

White
92.1%
Other
3.4%
Hispanic
3.2%
Black
1.3%
Demographic Value
Total Population1,197
Median Age39.4
White92.1%
Black or African American1.3%
Hispanic or Latino3.2%
Other / Two or More Races3.4%
Toledo, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 92.1%Other: 3.4%Hispanic/Latino: 3.2%Other: 1.3%1,197PopulationWhiteWhite92.1%OtherOther3.4%Hispanic/LatinoHispanic/Latino3.2%OtherOther1.3%

Income & Economy

The median household income in Toledo is $56,354, which is 30.1% below the national median of $80,610. The per capita income is $26,514. The poverty rate is 18.1%.

$56,354
Median Household Income
$26,514
Per Capita Income
18.1%
Poverty Rate

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Education

In Toledo, 89.7% of residents age 25+ have a high school diploma or higher, and 17.1% hold a bachelor's degree or higher (3.7% with a graduate or professional degree).

HS Diploma+
89.7%
Bachelor's+
17.1%
Graduate+
3.7%
Education Level % of Adults (25+)
High School Diploma or Higher89.7%
Bachelor's Degree or Higher17.1%
Graduate or Professional Degree3.7%

Housing

The median home value in Toledo is $86,100, below the national median of $303,400. The median monthly rent is $909. The homeownership rate is 66.0%.

$86,100
Median Home Value
$909/mo
Median Rent
66.0%
Homeownership Rate
Housing Metric Value
Median Home Value$86,100
Median Monthly Rent$909
Homeownership Rate66.0%
Vacancy Rate9.2%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Toledo, Illinois?
The population of Toledo, Illinois is 1,197 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Toledo, Illinois?
The median household income in Toledo, Illinois is $56,354. This is 30.1% below the national median of $80,610.
What is the median home value in Toledo, Illinois?
The median home value in Toledo, Illinois is $86,100. The median monthly rent is $909.
What percentage of people in Toledo have a college degree?
In Toledo, Illinois, 17.1% of adults age 25 and older hold a bachelor's degree or higher, and 89.7% have a high school diploma or higher.
Is Toledo, Illinois an affordable place to live?
The home price-to-income ratio in Toledo, Illinois is 1.5x (median home value $86,100 vs. median income $56,354), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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