Illinois · Census place 75822
Towanda village, IL
Quick answer
Towanda village has 356 residents, ranking #1040 of 1462 places in Illinois. Median household income is $78,611, the median home is worth $158,200 and median gross rent runs $942 a month.
- Population
- 356Towanda village residents
- Median household income
- $78,611Past 12 months, inflation adjusted
- Median home value
- $158,200Owner-occupied units
- Median gross rent
- $942Rent plus utilities, monthly
- Median age
- 45.5 yrsAll residents
- Homeownership rate
- 87.6%Owner-occupied households
What the numbers mean in Towanda village
Housing cost measured against local earnings.
A household earning the Towanda village median would spend about 14.4% 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 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.8% of residents and 87.6% 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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