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Thomasboro village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.7x is exceptionally low

As of 2026, Thomasboro village, Illinois has a total population of 966, the 712th largest city in Illinois, with a median household income of $65,000, which is 20% lower than the state average. The poverty rate is 11.8%.

Key Takeaways

Thomasboro village Quick Facts

Population 966
Median Household Income $65,000
Median Home Value $109,400
Poverty Rate 11.8%
Unemployment Rate 2.7%
Median Age 45.0 years
Homeownership Rate 78.6%
Affordability Ratio 1.7x
Bachelor's Degree or Higher 16.4%
High School Graduation Rate 94.4%
Diversity Index 27/100
Population 966 712th of 1,445
Median Income $65,000 average
Poverty Rate 11.8% 6% lower national
Median Home Value $109,400 average

How Thomasboro village Compares

Economy & Housing

Employment

2.7% Unemployment Rate State: 5.8% | National: 5.2%
64.4% Labor Force Participation

Housing Overview

Owner 78.6%
Renter 21.4%
Affordability Index Very Affordable
1.7x home value to income ratio

People & Demographics

Diversity Index

27out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 60 | National average: 60

Education

Thomasboro village Rankings in Illinois

#712 Population of 1,445
#738 Median Income of 1,445
#794 Education of 1,445
#753 Home Value of 1,445

Cities Similar to Thomasboro village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
South Pekin village949$64,750$106,0008.6%11.7%
Danvers village951$66,964$156,50037.0%8.5%
Viola village942$67,500$114,50019.3%8.6%
Wyanet village970$59,375$96,8008.8%13.7%
Orangeville village957$70,833$135,60019.5%13.4%

Population Overview

Thomasboro village is a small community located in Illinois. The total population is 966. It ranks as the 712th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Thomasboro village is 45.0 years. This is 16% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Thomasboro village is $65,000. This is 20% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 17% lower. The poverty rate stands at 11.8%. This is about average than the state poverty rate of 11.7%. The unemployment rate is 2.7%. This is 54% lower than the state rate of 5.8%. The median home value is $109,400. Housing costs are 56% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.7x, Thomasboro village is one of the most affordable housing markets in the area. 78.6% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Thomasboro village is White (non-Hispanic), making up 84.9% of the population. Hispanic or Latino residents account for 7.8%. The Black or African American population (2.9%) is well below the state average of 13.6%. The Hispanic or Latino population (7.8%) is well below the state average of 18.5%. The Asian population (0.5%) is well below the state average of 5.8%.

Education

16.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.4%.

Data Sources & Methodology

All demographic data for Thomasboro village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Thomasboro village, Illinois?

Thomasboro village, Illinois has a population of 966 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Thomasboro village, IL?

The median household income in Thomasboro village is $65,000, which is 17% lower the national median of $78,538.

What is the poverty rate in Thomasboro village, IL?

The poverty rate in Thomasboro village is 11.8%. This means approximately 113 residents live below the federal poverty line.

What is the racial makeup of Thomasboro village, Illinois?

Thomasboro village's population is 84.9% White, 2.9% Black, 7.8% Hispanic/Latino, and 0.5% Asian.

What is the median home value in Thomasboro village, IL?

The median home value in Thomasboro village is $109,400. The home-value-to-income ratio is 1.7x.

How educated is Thomasboro village, Illinois?

16.4% of adults (25+) in Thomasboro village hold a bachelor's degree or higher, and 2.8% hold a graduate or professional degree.