Toledo, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Toledo, Illinois had a total population of 1,197, the 649th largest village in Illinois, with a median household income of $56,354, which is 32% lower than the state average. The poverty rate is 18.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 32% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.5x.
- Near full employment with an unemployment rate of just 1.0%.
Toledo Quick Facts
How Toledo Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,209 | 1,197 | -1.0% |
| Median household income | $59,881 | $56,354 | -5.9% |
| Median home value | $92,200 | $86,100 | -6.6% |
How Toledo Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Toledo Rankings in Illinois
Explore Illinois Rankings
Other Cities in Cumberland County
Cities Similar to Toledo
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Assumption | 1,205 | $57,500 | $89,700 | 16.6% | 11.7% |
| Chrisman | 1,214 | $58,462 | $79,400 | 20.6% | 17.9% |
| Royalton | 1,214 | $59,219 | $71,500 | 19.6% | 11.0% |
| Marissa | 1,232 | $54,814 | $99,500 | 12.3% | 12.8% |
| Milledgeville | 1,218 | $59,417 | $94,200 | 19.3% | 11.3% |
Population Overview
Toledo is a small community located in Illinois, within Cumberland County. The total population is 1,197. It ranks as the 649th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Toledo is 39.4 years. This is 1% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Toledo is $56,354. This is 32% lower than the state median of $83,390. It is also 30% lower than the national median of $80,734. The poverty rate stands at 18.1%. This is 53% higher than the state poverty rate of 11.8%. The unemployment rate is 1.0%. This is 83% lower than the state rate of 5.8%. The median home value is $86,100. Housing costs are 67% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.5x, Toledo is one of the most affordable housing markets in the area. 66.0% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 67.1%.
Race & Ethnicity
Toledo has a predominantly White (non-Hispanic) population, comprising 92.1% of all residents. Hispanic or Latino residents account for 3.2%. The White (non-Hispanic) population is significantly higher than the state average (92.1% vs 58.1%). The Black or African American population (1.3%) is well below the state average of 13.3%. The Hispanic or Latino population (3.2%) is well below the state average of 18.8%.
Education
17.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.6%.
Data Sources & Methodology
All demographic data for Toledo, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Toledo, Illinois?
Toledo, Illinois has a population of 1,197 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Toledo, IL?
The median household income in Toledo is $56,354, which is 30% lower than the national median of $80,734.
What is the poverty rate in Toledo, IL?
The poverty rate in Toledo is 18.1%. This means approximately 208 residents live below the federal poverty line.
What is the racial makeup of Toledo, Illinois?
Toledo's population is 92.1% White, 1.3% Black, 3.2% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Toledo, IL?
The median home value in Toledo is $86,100. The home-value-to-income ratio is 1.5x.
How educated is Toledo, Illinois?
17.1% of adults (25+) in Toledo hold a bachelor's degree or higher, and 3.7% hold a graduate or professional degree.