Living in Towanda, Illinois
Cost of living, income, home prices, rent and demographics of Towanda · Census data 2020–2024
Towanda has 350 residents with a median age of 44.7. The median household income is $72,500 (13% lower than the Illinois median), the median home value is $158,800, the median rent is $1,000/month.
Towanda is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Towanda at a glance
- Population
- 350
- Median age
- 44.7State: 39
- Median household income
- $72,500State: $83,390
- Median home value
- $158,800State: $263,300
- Median rent
- $1,000/moState: $1,274
- Homeowners
- 89%
- Bachelor's degree or higher
- 29%
- Average commute
- 21 min
Is Towanda a good place to live?
Pros: Home values 40% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 13% lower than the Illinois median; a poverty rate of 12.3%.
The weather is best in May–June and August–September.
Cost of living in Towanda
Housing is the biggest part of the cost of living. In Towanda the median home value is $158,800, 52% lower than the U.S. median. Renters pay a median of $1,000 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,268 a month in housing costs.
Towanda median household income
The median household income in Towanda is $72,500 and the income per person is $39,362. 12.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Towanda: homes for sale and rent
- Housing units
- 168
- Owner-occupied
- 89%
- Renter-occupied
- 11%
- Vacant
- 2.4%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.13
Towanda demographics
- Population
- 350
- Median age
- 44.7
- Under 18
- 20.3%
- 65 and older
- 20.6%
- Households
- 164
- Foreign-born
- 0%
- Veterans
- 10.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Towanda ›
Education in Towanda
29% of adults 25 and older in Towanda have a bachelor's degree or higher (Illinois: 37.8%), and 2.9% have a graduate or professional degree.
Jobs and commute in Towanda
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 11.8%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 87.2%
Towanda vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Towanda | 350 | $72,500 | $158,800 | $1,000 |
| Hudson | 1,918 | $110,000 | $224,700 | $1,063 |
| Normal | 53,569 | $64,785 | $213,600 | $965 |
| Bloomington | 78,907 | $77,384 | $203,300 | $1,050 |
| Lexington | 2,126 | $99,167 | $172,500 | $728 |
| Kappa | 226 | $98,125 | $169,400 | $925 |
| Cooksville | 200 | $68,125 | $115,300 | $955 |
| Downs | 1,641 | $110,625 | $240,600 | $1,258 |
| Carlock | 500 | $85,625 | $154,600 | $1,348 |
More for people moving to Towanda
Towanda ZIP code ›Weather and climate ›Living in Towanda: FAQ
What is the median household income in Towanda, IL?
The median household income in Towanda is $72,500, 13% 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 Towanda?
The median home value in Towanda is $158,800, compared with $263,300 in Illinois.
How much is rent in Towanda?
The median gross rent in Towanda is $1,000 per month, about 22.5% of household income.
Is Towanda, IL a good place to live?
Pluses: home values 40% lower than the state median; an average commute of 21 minutes. Minuses: median household income 13% lower than the Illinois median; a poverty rate of 12.3%.
What is the median age in Towanda?
The median age in Towanda is 44.7 years (Illinois: 39).
How long is the commute in Towanda?
The average commute to work in Towanda is 21 minutes; 11.8% of workers work from home.
What is the unemployment rate in Towanda?
The unemployment rate in Towanda is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Towanda?
29% of adults in Towanda 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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