Towanda, Illinois Demographics & Population 2026

A note before these figures: with a population of 350, Towanda's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Towanda is a small community located in Illinois, within McLean County. The total population is 350. It ranks as the 1036th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Towanda is 44.7 years. This is 15% higher than the state median of 39.0 years. 12.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Towanda is $72,500. This is 13% lower than the state median of $83,390. It is also 10% lower than the national median of $80,734. The poverty rate stands at 12.3%. This is 4% higher than the state poverty rate of 11.8%. The survey records no unemployed residents in Towanda, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $158,800. Housing costs are 40% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.2x, Towanda is one of the most affordable housing markets in the area. 89.0% of occupied housing units are owner-occupied. This homeownership rate is 33% higher than the state average of 67.1%.

Race & Ethnicity

Towanda has a predominantly White (non-Hispanic) population, comprising 96.0% of all residents. Asian residents account for 1.1%. The White (non-Hispanic) population is significantly higher than the state average (96.0% vs 58.1%). The Asian population (1.1%) is well below the state average of 5.9%.

Education

29.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 23% 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 96.3%.

Data Sources & Methodology

All demographic data for Towanda, 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.