Illinois · Census place 75809
Tovey village, IL
Quick answer
Tovey village has 707 residents, ranking #823 of 1462 places in Illinois. Median household income is $81,250, the median home is worth $78,200 and median gross rent runs $541 a month.
- Population
- 707Tovey village residents
- Median household income
- $81,250Past 12 months, inflation adjusted
- Median home value
- $78,200Owner-occupied units
- Median gross rent
- $541Rent plus utilities, monthly
- Median age
- 26.6 yrsAll residents
- Homeownership rate
- 90.5%Owner-occupied households
What the numbers mean in Tovey village
Housing cost measured against local earnings.
A household earning the Tovey village median would spend about 8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.4% of residents and 90.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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