Toluca, IL
Population 1,313 · Illinois
About Toluca, IL
Toluca is a small town located in Illinois with a population of 1,313 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,667 per year, which is 11% below the national median of $75,149. The median age of 43.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Toluca features a median home value of $110,000, which is 55% below the national median of $244,900. This makes Toluca one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $777, 33% below the national average of $1,163/month. Of the 647 total housing units, 78% are owner-occupied (397 units) and 22% are renter-occupied (115 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Toluca shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 19.2%, above the national average of 12.4%. Workers in Toluca have an average one-way commute time of 25 minutes.
Education & Demographics
13.6% of Toluca residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 14.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 6.0% of the population being foreign-born.
Cost of Living in Toluca, IL
Compared to national averages, Toluca has a median household income of $66,667 (11% below the national median of $75,149). Home values average $110,000, which is 55% below the national median. Monthly rent at $777 is 33% below the US average of $1,163. Within Illinois, Toluca's income is 11% below the state average of $75,072, and home values are 34% below the state median of $165,779.
Why Live in Toluca, IL?
Toluca offers affordable housing with a median home value of $110,000, below the US average of $244,900, and rent that’s lower than the national average at $777/month.
Potential considerations include median household income ($66,667) that falls below the national average. However, Toluca’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Toluca has a population of 1,313 with a median age of 43.6 years. Compare Toluca with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Toluca
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Okawville | 1,312 | $84,881 | $161,400 | Compare |
| Long Creek | 1,309 | $83,214 | $165,800 | Compare |
| Sheldon | 1,309 | $43,942 | $75,200 | Compare |
| Gardner | 1,319 | $82,125 | $183,300 | Compare |
| Bunker Hill | 1,305 | $72,893 | $133,700 | Compare |
| Herscher | 1,302 | $100,833 | $198,200 | Compare |
| Zeigler | 1,325 | $39,148 | $52,000 | Compare |
| Capron | 1,328 | $97,643 | $155,800 | 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 Toluca With Other Cities
Frequently Asked Questions about Toluca
What is the population of Toluca, IL?
The population of Toluca, IL is 1,313 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 Toluca?
The median household income in Toluca, IL is $66,667 per year, which is 11% below the national median of $75,149.
What is the median home value in Toluca?
The median home value in Toluca, IL is $110,000, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Toluca?
The median monthly rent in Toluca, IL is $777, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Toluca?
The unemployment rate in Toluca, IL is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Toluca, IL a good place to live?
Toluca offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,313 and a median age of 43.6, the city appeals to a broad range of residents.
How educated is Toluca, IL?
13.6% of residents in Toluca 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 Toluca?
Key cost-of-living indicators for Toluca, IL: median home value is $110,000 (55% below national), median rent is $777/month, and median household income is $66,667. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Toluca?
The poverty rate in Toluca, IL is 19.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Toluca, IL?
Toluca's population is 14.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 1.1% two or more races. 6.0% of residents are foreign-born.