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Tovey, 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
629
Population
$89,000
Median Income
$79,100
Home Value
28.2
Median Age

Demographics

Tovey has a population of 629 with a median age of 28.2. Here is the racial and ethnic breakdown of the population:

White
99.7%
Hispanic
13.7%
Demographic Value
Total Population629
Median Age28.2
White99.7%
Hispanic or Latino13.7%
Tovey, Illinois — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 113.White: 87.9%Hispanic/Latino: 12.1%629PopulationWhiteWhite87.9%Hispanic/LatinoHispanic/Latino12.1%

Income & Economy

The median household income in Tovey is $89,000, which is 10.4% above the national median of $80,610. The per capita income is $34,205. The poverty rate is 5.2%.

$89,000
Median Household Income
$34,205
Per Capita Income
5.2%
Poverty Rate

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Education

In Tovey, 90.1% of residents age 25+ have a high school diploma or higher, and 12.5% hold a bachelor's degree or higher (5.5% with a graduate or professional degree).

HS Diploma+
90.1%
Bachelor's+
12.5%
Graduate+
5.5%
Education Level % of Adults (25+)
High School Diploma or Higher90.1%
Bachelor's Degree or Higher12.5%
Graduate or Professional Degree5.5%

Housing

The median home value in Tovey is $79,100, below the national median of $303,400. The median monthly rent is $808. The homeownership rate is 90.0%.

$79,100
Median Home Value
$808/mo
Median Rent
90.0%
Homeownership Rate
Housing Metric Value
Median Home Value$79,100
Median Monthly Rent$808
Homeownership Rate90.0%
Vacancy Rate13.4%

Salaries in Illinois

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Tovey, Illinois?
The population of Tovey, Illinois is 629 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Tovey, Illinois?
The median household income in Tovey, Illinois is $89,000. This is 10.4% above the national median of $80,610.
What is the median home value in Tovey, Illinois?
The median home value in Tovey, Illinois is $79,100. The median monthly rent is $808.
What percentage of people in Tovey have a college degree?
In Tovey, Illinois, 12.5% of adults age 25 and older hold a bachelor's degree or higher, and 90.1% have a high school diploma or higher.
Is Tovey, Illinois an affordable place to live?
The home price-to-income ratio in Tovey, Illinois is 0.9x (median home value $79,100 vs. median income $89,000), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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