Tovey village, Illinois Demographics & Population 2026
As of 2026, Tovey village, Illinois has a total population of 707, the 823rd largest city in Illinois, with a median household income of $81,250, which is about average than the state average. The poverty rate is 4.4%.
Key Takeaways
- An exceptionally low poverty rate of 4.4% — among the lowest in Illinois.
- Housing is very affordable with a home-value-to-income ratio of just 1.0x.
- Near full employment with an unemployment rate of just 1.9%.
Tovey village Quick Facts
How Tovey village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
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: 60 | National average: 60
Education
Educational Attainment (Adults 25+)
Tovey village Rankings in Illinois
Explore Illinois Rankings
Cities Similar to Tovey village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Matherville village | 703 | $80,714 | $136,200 | 17.7% | 10.5% |
| Alexis village | 719 | $79,583 | $89,900 | 19.8% | 5.9% |
| Sherrard village | 705 | $86,932 | $130,400 | 11.0% | 7.5% |
| Tonica village | 732 | $80,795 | $122,500 | 23.8% | 10.6% |
| Congerville village | 723 | $78,649 | $201,900 | 22.1% | 0.9% |
Population Overview
Tovey village is a small community located in Illinois. The total population is 707. It ranks as the 823rd most populous out of 1,445 cities and towns in Illinois.
Age Demographics
The median age in Tovey village is 26.6 years. This is 32% lower than the state median of 38.9 years. With 33.5% of the population under 18, Tovey village has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Tovey village is $81,250. This is about average than the state median of $81,702. Compared to the national median of $78,538, household income here is 3% higher. The poverty rate stands at 4.4%. This is 63% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.9%. This is 67% lower than the state rate of 5.8%. The median home value is $78,200. Housing costs are 69% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.0x, Tovey village is one of the most affordable housing markets in the area. 90.5% of occupied housing units are owner-occupied. This homeownership rate is 35% higher than the state average of 66.8%.
Race & Ethnicity
The largest racial or ethnic group in Tovey village is White (non-Hispanic), making up 77.9% of the population. Hispanic or Latino residents account for 21.9%.
Education
10.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% 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 87.4%.
Data Sources & Methodology
All demographic data for Tovey 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 Tovey village, Illinois?
Tovey village, Illinois has a population of 707 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Tovey village, IL?
The median household income in Tovey village is $81,250, which is 3% higher the national median of $78,538.
What is the poverty rate in Tovey village, IL?
The poverty rate in Tovey village is 4.4%. This means approximately 31 residents live below the federal poverty line.
What is the racial makeup of Tovey village, Illinois?
Tovey village's population is 77.9% White, 0.0% Black, 21.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Tovey village, IL?
The median home value in Tovey village is $78,200. The home-value-to-income ratio is 1.0x.
How educated is Tovey village, Illinois?
10.9% of adults (25+) in Tovey village hold a bachelor's degree or higher, and 4.5% hold a graduate or professional degree.