Towanda, IL Profile: Facts & Data

Towanda, Illinois - Basic Facts

The Village of Towanda had a population of 443 as of July 1, 2025.

The primary coordinate point for Towanda is located at latitude 40.5639 and longitude -88.899 in McLean County. The formal boundaries for the Village of Towanda encompass a land area of 0.75 sq. miles and a water area of 0 sq. miles. McLean County is in the Central time zone (GMT -6).

The Village of Towanda has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Towanda is located within Township of Towanda, a minor civil division (MCD) of McLean County.

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Towanda, IL Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	443 (100%)
Population in Households	443 (100.0%)
Population in Families	333 (75.2%)
Population in Group Quarters¹	0
Population Density	595
Diversity Index²	25


INCOME
Median Household Income	$148,440
Average Household Income	$187,183
% of Income for Mortgage⁴	15%
Per Capita Income	$82,817
Wealth Index⁵	170
Socioeconomic Status Index⁶	High (72.6)

HOUSING
Total HU (Housing Units)	219 (100%)
Owner Occupied HU	163 (74.4%)
Renter Occupied HU	33 (15.1%)
Vacant Housing Units	23 (10.5%)
Median Home Value	$362,281
Average Home Value	$416,472
Housing Affordability Index³	128

HOUSEHOLDS
Total Households	196
Average Household Size	2.26
Family Households	124
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

219 (100%)

Owner Occupied HU

163 (74.4%)

Renter Occupied HU

33 (15.1%)

Vacant Housing Units

23 (10.5%)

Median Home Value

$362,281

Average Home Value

$416,472

Housing Affordability Index³

128

HOUSEHOLDS

Total Households

196

Average Household Size

2.26

Family Households

124

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2025	2025-2030
Population	0.52%	0.45%
Households	0.20%	0.51%
Families		4.29%
Median Household Income		1.95%
Per Capita Income		2.69%
Owner Occupied HU		1.43%

GROWTH RATE / YEAR

2020-2025

2025-2030

Population

0.52%

0.45%

Households

0.20%

0.51%

Families

4.29%

Median Household Income

1.95%

Per Capita Income

2.69%

Owner Occupied HU

1.43%

Towanda, IL - Peer Comparisons by Rank and Percentile

The table below compares Towanda to the other 1,461 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 950	35th
Population Density	# 1002	31st
Median Household Income	# 57	96th
Housing Affordability Index	# 738	51st
Per Capita Income	# 26	98th
Diversity Index	# 645	56th

Variable Description

Rank

Percentile

Total Population

# 950

35th

Population Density

# 1002

31st

Median Household Income

# 57

96th

Housing Affordability Index

# 738

51st

Per Capita Income

# 26

98th

Diversity Index

# 645

56th

Illinois Census Data Comparison Tool

Towanda, IL Profile: Facts & Data

Towanda, Illinois - Basic Facts

Towanda, IL Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Towanda, IL - Peer Comparisons by Rank and Percentile

Towanda, IL - Most Popular Things to Do

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McLean County