Tolono, IL
Population 3,546 · Illinois
About Tolono, IL
Tolono is a small town located in Illinois with a population of 3,546 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,333 per year, which is 6% above the national median of $75,149. The median age of 35.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Tolono features a median home value of $207,200, which is 15% below the national median of $244,900. This positions Tolono in a moderately priced market relative to the rest of the country. Median monthly rent is $1,002, 14% below the national average of $1,163/month. Of the 1,488 total housing units, 72% are owner-occupied (992 units) and 28% are renter-occupied (382 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tolono shows an unemployment rate of 10.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tolono have an average one-way commute time of 20.1 minutes.
Education & Demographics
25.7% of Tolono residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.8% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Tolono, IL
Compared to national averages, Tolono has a median household income of $79,333 (6% above the national median of $75,149). Home values average $207,200, which is 15% below the national median. Monthly rent at $1,002 is 14% below the US average of $1,163. Within Illinois, Tolono's income is 6% above the state average of $75,072, and home values are 25% above the state median of $165,779.
Why Live in Tolono, IL?
Tolono offers a strong local economy with a median household income of $79,333, well above the national average, and affordable housing with a median home value of $207,200, below the US average of $244,900, and rent that’s lower than the national average at $1,002/month. Additionally, the city features a low poverty rate of 4.1%, better than the national average, and short commute times averaging just 20.1 minutes.
Tolono has a population of 3,546 with a median age of 35.6 years. Compare Tolono with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Tolono
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wadsworth | 3,535 | $121,583 | $377,900 | Compare |
| Hainesville | 3,524 | $126,125 | $218,500 | Compare |
| Smithton | 3,512 | $114,453 | $251,600 | Compare |
| Riverton | 3,506 | $75,527 | $140,000 | Compare |
| New Baden | 3,493 | $77,542 | $160,600 | Compare |
| Gibson City | 3,609 | $47,104 | $138,400 | Compare |
| Fulton | 3,457 | $42,452 | $124,400 | Compare |
| Westville | 3,442 | $52,809 | $98,800 | 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.
Compare Tolono With Other Cities
Frequently Asked Questions about Tolono
What is the population of Tolono, IL?
The population of Tolono, IL is 3,546 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Tolono?
The median household income in Tolono, IL is $79,333 per year, which is 6% above the national median of $75,149.
What is the median home value in Tolono?
The median home value in Tolono, IL is $207,200, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tolono?
The median monthly rent in Tolono, IL is $1,002, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Tolono?
The unemployment rate in Tolono, IL is 10.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tolono, IL a good place to live?
Tolono offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 3,546 and a median age of 35.6, the city appeals to a broad range of residents.
How educated is Tolono, IL?
25.7% of residents in Tolono aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Tolono?
Key cost-of-living indicators for Tolono, IL: median home value is $207,200 (15% below national), median rent is $1,002/month, and median household income is $79,333. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tolono?
The poverty rate in Tolono, IL is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tolono, IL?
Tolono's population is 0.0% White, 0.0% Hispanic or Latino, 0.8% Black or African American, 0.0% Asian, and 0.9% two or more races. 0.9% of residents are foreign-born.