Toledo, IL demographics:
population, income, and more

Total population
1,197
-1.0% year-over-year change
Median household income
$56,354/yr
-5.9% year-over-year change
Housing units
541
-6.6% year-over-year change

Toledo population

How many people live in Toledo

Toledo is home to 1,197 residents, according to the most recent Census data. Gender-wise, 47.4% of Toledo locals are male, and 52.6% are female.

Total population
1,197
-1.0% year-over-year change
Gender ratio
Male
47.4%
568
Female
52.6%
629
Value Percent YoY change
Male 568 47.4% -1.7%
Female 629 52.6% -0.3%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Toledo is 39, with the population distributed as follows: about 17% are children under 15, then 16% are in the 15 to 24 age group. Adults between 25 and 44 make up 23.7% of the population, while another 26.5% fall into the 45 to 64 bracket. Finally, around 16.8% are 65 or older.

Median age
39.4
Age breakdown
Under 15
17%
15 to 24
16%
25 to 44
23.7%
45 to 64
26.5%
Over 65
16.8%
Value Percent YoY change
Under 15 204 17% 4.6%
15 to 24 191 16% -3.0%
25 to 44 284 23.7% 15.4%
45 to 64 317 26.5% -16.6%
Over 65 201 16.8% 5.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Toledo, 99% of the population are US-born citizens, while 0.4% have gained naturalized citizenship. At the same time, 0.6% of residents are non-citizens. There’s also a share of 5.9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99%
Non-U.S.-born citizens
0.4%
Non-citizens
0.6%
Value Percent YoY change
U.S.-born citizens 1,185 99% -0.8%
Non-U.S.-born citizens 5 0.4% 25.0%
Non-citizens 7 0.6% -30.0%
Racial breakdown
White
92.2%
Black or African American
1.3%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
5.9%
Other
0.6%
Value Percent
White 1,103 92.2%
Black or African American 16 1.3%
Two or more races 71 5.9%
Other 7 0.6%

Households in Toledo

A peek inside Toledo households

Toledo has 491 households, with an average of 2 members in each. Of these, 58.4% are families, while the remaining 41.6% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
491
-2.2% year-over-year change
Average people per household
2
Non-family households
204
Family households
287
Value Percent YoY change
Non-family households 204 41.6% 5.7%
Family households 287 58.4% -7.1%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Toledo

The housing landscape of Toledo

Toledo's housing consists of 541 units, with 77.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.9% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 16.1% of the housing landscape.

Housing units
541
-6.6% year-over-year change
Housing types
Value Percent
1 unit, detached 417 77.1%
1 unit, attached 5 0.9%
2 units 6 1.1%
3 or 4 units 15 2.8%
5 to 9 units 8 1.5%
10 to 19 units 3 0.6%
Mobile home 87 16.1%
Homes built since 2020
2
% year-over-year change

The age of buildings in Toledo

In Toledo, the median construction year is 1959. About 26.1% of homes were built before the 1940s, with another 11.5% going up by 1949. Most development happened in the second half of the 20th century. Then, 6.1% of homes were added from 2000 to 2009, 3% between 2010 and 2019, and 0.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 141 26.1% 29.4%
Built between 1940 and 1949 62 11.5% -38.6%
Built between 1950 and 1959 77 14.2% 0.0%
Built between 1960 and 1969 37 6.8% 5.7%
Built between 1970 and 1979 50 9.2% -27.5%
Built between 1980 and 1989 63 11.6% -6.0%
Built between 1990 and 1999 60 11.1% -4.8%
Built between 2000 and 2009 33 6.1% -17.5%
Built between 2010 and 2019 16 3% -11.1%
Built in 2020 or later 2 0.4% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Toledo occupancy rates

Out of the 491 occupied housing units in Toledo, 66% are owner-occupied, while 34% are lived in by tenants. Meanwhile, 9.2% of all homes on the local market sit vacant.

Occupied housing units
491
-2.2% year-over-year change
Occupancy breakdown
Renter occupied
167
Owner occupied
324
Value Percent YoY
change
Renter occupied 167 34% 8.4%
Owner occupied 324 66% -6.9%
Unoccupied housing units
9.2%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Toledo housing costs

Housing costs in Toledo come to a median of $811 per month, while tenants specifically pay a median gross rent of $909.

Median housing costs per month
$811/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Toledo
$909/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Toledo

Toledo education at a glance

About 41.4% of the population in Toledo went to high school, while 29.4% pursued college studies. Another 11.8% earned an associate degree and 11.6% hold a bachelor’s. Meanwhile, 3.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 24 2.6% -40.0%
High school diploma 380 41.4% -2.6%
College diploma 270 29.4% 14.4%
Associate degree 108 11.8% -18.2%
Bachelor's degree 107 11.6% 0.9%
Graduate degree 30 3.3% -36.2%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Toledo

How much people earn in Toledo

The average annual household income in Toledo was $62,125 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -12.9% change from the previous year. At the same time, the median income stood at $56,354, reflecting a -5.9% shift over the same period.

Average household income in Toledo
$62,125/year
-12.9% year-over-year change
Median household income in Toledo
$56,354/year
-5.9% year-over-year change

Toledo income by age

In Toledo, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $61,875. Those with someone between 45 and 64 in charge, often well established professionally, earn $77,614 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $70,938, while those led by someone over 65, many of whom may be retired, have about $25,700 in earnings. Overall, 81.5% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $70,938 3.0%
25 - 44 $61,875 -6.0%
45 - 64 $77,614 -8.9%
Over 65 $25,700 -4.5%
Above poverty level
916
Below poverty level
208
Value Percent YoY
change
Above poverty level 916 81.5% -7.2%
Below poverty level 208 18.5% 25.3%

Average renter income in Toledo

To get a better sense of what renters earn on average in Toledo, their median household income was $31,250 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 34.9%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$31,250
Rent-to-income ratio
34.9%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Toledo

Workforce and job types in Toledo

The job market in Toledo is powered by 592 working residents, spread across a range of industries and roles. 76.7% of the working population are employed in professional or administrative positions, while 23.3% are in hands-on or service-based jobs. Also, 5.4% run their own businesses, 66.4% are employed by private companies, and 19.8% work in the public sector.

Workforce demographics

Working population
592
-6.8% year-over-year change
White collar
454
Blue collar
138
Value Percent YoY change
White collar 454 76.7% -1.1%
Blue collar 138 23.3% -21.6%
Employer type
Self employees
5.4%
Private companies
66.4%
Governmental workers
19.8%
Not for profit companies
8.4%
Value Percent YoY change
Self employees 32 5.4% -25.6%
Private companies 393 66.4% -6.2%
Governmental workers 117 19.8% -8.6%
Not for profit companies 50 8.4% 11.1%
Unemployment rate
1.0%
-40.0% year-over-year change

Available workforce

The unemployment rate in Toledo stands at 1%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Toledo

How people get around in Toledo

Commuting methods vary: 83.6% of residents travel by personal vehicle and 4.3% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 490 83.6% -5.4%
Motorcycle 7 1.2% 16.7%
Walk 25 4.3% -30.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Toledo by zipcode?

Zipcode Population Number of households Median income Average income
62468 2,344 947 $75,625 $82,831

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FAQs about Toledo demographics 

What is the total population of Toledo?

Toledo has a total population of 1,197 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -1.0% compared to a year ago.

What is the gender ratio in Toledo?

The gender ratio in Toledo is as follows:
  • 47.4% males (568 residents)
  • 52.6% females (629 residents)

What is the median age in Toledo?

The median age in Toledo is 39.4.

What is the age distribution of the population in Toledo?

The age distribution in Toledo is as follows:
  • Under 15: 17% (204 residents)
  • Ages 15-24: 16% (191 residents)
  • Ages 25-44: 23.7% (284 residents)
  • Ages 45-64: 26.5% (317 residents)
  • Over 65: 16.8% (201 residents)

What is the racial and ethnic makeup of Toledo?

The racial and ethnic makeup of Toledo is as follows:
  • White: 92.2% (1,103 residents)
  • Black or African American: 1.3% (16 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 5.9% (71 residents)
  • Other: 0.6% (7 residents)

What percentage of the population in Toledo are U.S.-born citizens?

U.S.-born citizens represent 99% of the population in Toledo.

How many housing units are there in Toledo?

There are 541 housing units in Toledo, reflecting a -6.6% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Toledo and what is the average household size?

Toledo has a total of 491 households, with an average of 2 people in each.

What is the median household income in Toledo?

Toledo has a median household income of $56,354, representing a -5.9% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Toledo?

The employment rate is 99% in Toledo, with a workforce of 592 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76.7% (454 residents)
  • Blue-collar workers: 23.3% (138 residents)

Places of employment:
  • Self-employed: 5.4% (32 residents)
  • Private companies: 66.4% (393 residents)
  • Governmental workers: 19.8% (117 residents)
  • Not-for-profit companies: 8.4% (50 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025