Tovey, IL
Population 707 · Illinois
About Tovey, IL
Tovey is a small community in Illinois with a population of 707 residents. The median household income is $81,250 per year, which is above the national average. The median age in Tovey is 26.6 years.
Housing in Tovey has a median home value of $78,200 and median monthly rent of $541. Of the 281 total housing units, the majority are owner-occupied, with 219 owner-occupied and 23 renter-occupied units.
The unemployment rate in Tovey is 1.9% and the poverty rate is 4.4%. 10.9% of residents hold a bachelor's degree or higher. The average commute time is 20 minutes.
Cost of Living in Tovey, IL
Compared to national averages, Tovey has a median household income of $81,250 (8% above the national median of $75,149). Home values average $78,200, which is 68% below the national median. Monthly rent at $541 is 53% below the US average of $1,163. Within Illinois, Tovey's income is 8% above the state average of $75,072, and home values are 53% below the state median of $165,779.
Why Live in Tovey, IL?
Tovey offers a strong local economy with a median household income of $81,250, well above the national average, and affordable housing with a median home value of $78,200, below the US average of $244,900, and rent that’s lower than the national average at $541/month. Additionally, the city features a strong job market with an unemployment rate of just 1.9%, and a low poverty rate of 4.4%, better than the national average, and short commute times averaging just 20 minutes.
Tovey has a population of 707 with a median age of 26.6 years. Compare Tovey with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Tovey
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North City | 708 | $50,469 | $107,400 | Compare |
| Cedarville | 705 | $59,712 | $110,600 | Compare |
| Sherrard | 705 | $86,932 | $130,400 | Compare |
| Augusta | 710 | $41,094 | $86,500 | Compare |
| Bowen | 710 | $70,263 | $74,400 | Compare |
| Golden | 711 | $55,875 | $125,500 | Compare |
| Matherville | 703 | $80,714 | $136,200 | Compare |
| Aroma Park | 702 | $72,250 | $150,400 | 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 Tovey
What is the population of Tovey, IL?
The population of Tovey, IL is 707 according to the latest Census data.
What is the median household income in Tovey?
The median household income in Tovey, IL is $81,250 per year.
What is the median home value in Tovey?
The median home value in Tovey, IL is $78,200.
What is the average rent in Tovey?
The median monthly rent in Tovey, IL is $541.
What is the unemployment rate in Tovey?
The unemployment rate in Tovey, IL is 1.9%.