Towanda, IL
Population 356 · Illinois
About Towanda, IL
Towanda is a small community in Illinois with a population of 356 residents. The median household income is $78,611 per year, which is above the national average. The median age in Towanda is 45.5 years.
Housing in Towanda has a median home value of $158,200 and median monthly rent of $942. Of the 178 total housing units, the majority are owner-occupied, with 149 owner-occupied and 21 renter-occupied units.
The unemployment rate in Towanda is 1.0% and the poverty rate is 11.8%. 28.8% of residents hold a bachelor's degree or higher. The average commute time is 22.4 minutes.
How Towanda Ranks in Illinois
Cost of Living in Towanda, IL
Compared to national averages, Towanda has a median household income of $78,611 (5% above the national median of $75,149). Home values average $158,200, which is 35% below the national median. Monthly rent at $942 is 19% below the US average of $1,163. Within Illinois, Towanda's income is 5% above the state average of $75,072, and home values are 5% below the state median of $165,779.
Why Live in Towanda, IL?
Towanda offers a strong local economy with a median household income of $78,611, well above the national average, and affordable housing with a median home value of $158,200, below the US average of $244,900, and rent that’s lower than the national average at $942/month. Additionally, the city features a strong job market with an unemployment rate of just 1.0%, and a low poverty rate of 11.8%, better than the national average, and short commute times averaging just 22.4 minutes.
Towanda has a population of 356 with a median age of 45.5 years. Compare Towanda with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Towanda
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bondville | 356 | $57,188 | $168,500 | Compare |
| London Mills | 356 | $52,656 | $54,800 | Compare |
| Edgewood | 357 | $42,188 | $72,500 | Compare |
| Fairview | 357 | $65,250 | $79,800 | Compare |
| Little York | 357 | $54,250 | $80,700 | Compare |
| Creal Springs | 354 | $43,333 | $57,600 | Compare |
| Summerfield | 358 | $58,661 | $84,100 | Compare |
| Crab Orchard | 359 | $110,125 | $97,900 | 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 Towanda
What is the population of Towanda, IL?
The population of Towanda, IL is 356 according to the latest Census data.
What is the median household income in Towanda?
The median household income in Towanda, IL is $78,611 per year.
What is the median home value in Towanda?
The median home value in Towanda, IL is $158,200.
What is the average rent in Towanda?
The median monthly rent in Towanda, IL is $942.
What is the unemployment rate in Towanda?
The unemployment rate in Towanda, IL is 1.0%.