Living in Toluca, Illinois
Cost of living, income, home prices, rent and demographics of Toluca · Census data 2020–2024
Toluca has 1,477 residents with a median age of 39.9. The median household income is $69,545 (17% lower than the Illinois median), the median home value is $113,500, the median rent is $860/month.
Toluca is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Toluca at a glance
- Population
- 1,477
- Median age
- 39.9State: 39
- Median household income
- $69,545State: $83,390
- Median home value
- $113,500State: $263,300
- Median rent
- $860/moState: $1,274
- Homeowners
- 76.8%
- Bachelor's degree or higher
- 10.8%
- Average commute
- 28 min
Is Toluca a good place to live?
Pros: Home values 57% lower than the state median; unemployment of 5.5%.
Cons: Median household income 17% lower than the Illinois median; an average commute of 28 minutes; a poverty rate of 13.8%.
The weather is best in May–June and August–September.
Cost of living in Toluca
Housing is the biggest part of the cost of living. In Toluca the median home value is $113,500, 66% lower than the U.S. median. Renters pay a median of $860 per month, which is 22.6% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Toluca median household income
The median household income in Toluca is $69,545 and the income per person is $33,574. 13.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Toluca: homes for sale and rent
- Housing units
- 656
- Owner-occupied
- 76.8%
- Renter-occupied
- 23.2%
- Vacant
- 14.6%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.47
Toluca demographics
- Population
- 1,477
- Median age
- 39.9
- Under 18
- 27.2%
- 65 and older
- 21.6%
- Households
- 560
- Foreign-born
- 5.4%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Toluca ›
Education in Toluca
10.8% of adults 25 and older in Toluca have a bachelor's degree or higher (Illinois: 37.8%), and 3.5% have a graduate or professional degree.
Jobs and commute in Toluca
- Unemployment rate
- 5.5%State: 5.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 1.3%
- Drive alone
- 83.2%
- Public transit
- 0.5%
- Walk to work
- 2.3%
- Homes with broadband
- 88.4%
Toluca vs nearby towns
More for people moving to Toluca
Toluca ZIP code ›Weather and climate ›Living in Toluca: FAQ
What is the median household income in Toluca, IL?
The median household income in Toluca is $69,545, 17% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Toluca?
The median home value in Toluca is $113,500, compared with $263,300 in Illinois.
How much is rent in Toluca?
The median gross rent in Toluca is $860 per month, about 22.6% of household income.
Is Toluca, IL a good place to live?
Pluses: home values 57% lower than the state median; unemployment of 5.5%. Minuses: median household income 17% lower than the Illinois median; an average commute of 28 minutes; a poverty rate of 13.8%.
What is the median age in Toluca?
The median age in Toluca is 39.9 years (Illinois: 39).
How long is the commute in Toluca?
The average commute to work in Toluca is 28 minutes; 1.3% of workers work from home.
What is the unemployment rate in Toluca?
The unemployment rate in Toluca is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Toluca?
10.8% of adults in Toluca have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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