Toledo, IL
Population 1,209 · Illinois
About Toledo, IL
Toledo is a small community in Illinois with a population of 1,209 residents. The median household income is $59,881 per year, which is near the national average. The median age in Toledo is 42.1 years.
Housing in Toledo has a median home value of $92,200 and median monthly rent of $650. Of the 579 total housing units, the majority are owner-occupied, with 348 owner-occupied and 154 renter-occupied units.
The unemployment rate in Toledo is 1.6% and the poverty rate is 14.1%. 18.7% of residents hold a bachelor's degree or higher. The average commute time is 22.6 minutes.
Cost of Living in Toledo, IL
Compared to national averages, Toledo has a median household income of $59,881 (20% below the national median of $75,149). Home values average $92,200, which is 62% below the national median. Monthly rent at $650 is 44% below the US average of $1,163. Within Illinois, Toledo's income is 20% below the state average of $75,072, and home values are 44% below the state median of $165,779.
Why Live in Toledo, IL?
Toledo offers affordable housing with a median home value of $92,200, below the US average of $244,900, and rent that’s lower than the national average at $650/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features short commute times averaging just 22.6 minutes.
Potential considerations include median household income ($59,881) that falls below the national average. However, Toledo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Toledo has a population of 1,209 with a median age of 42.1 years. Compare Toledo with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Toledo
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Big Rock | 1,208 | $126,667 | $290,100 | Compare |
| Martinsville | 1,212 | $65,000 | $73,600 | Compare |
| North Utica | 1,215 | $99,722 | $212,000 | Compare |
| Third Lake | 1,203 | $150,893 | $329,500 | Compare |
| Milledgeville | 1,199 | $59,688 | $89,200 | Compare |
| Camp Point | 1,197 | $58,438 | $111,700 | Compare |
| New Milford | 1,183 | $73,125 | $130,200 | Compare |
| Oreana | 1,183 | $93,194 | $129,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Toledo
What is the population of Toledo, IL?
The population of Toledo, IL is 1,209 according to the latest Census data.
What is the median household income in Toledo?
The median household income in Toledo, IL is $59,881 per year.
What is the median home value in Toledo?
The median home value in Toledo, IL is $92,200.
What is the average rent in Toledo?
The median monthly rent in Toledo, IL is $650.
What is the unemployment rate in Toledo?
The unemployment rate in Toledo, IL is 1.6%.