Towanda, IL Profile: Facts & Data

Towanda, Illinois - Basic Facts

The Village of Towanda had a population of 456 as of July 1, 2024.

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, 2024)

POPULATION
Total Population	456 (100%)
Population in Households	456 (100.0%)
Population in Families	369 (80.9%)
Population in Group Quarters¹	0
Population Density	613
Diversity Index²	30


INCOME
Median Household Income	$105,963
Average Household Income	$153,991
% of Income for Mortgage⁴	19%
Per Capita Income	$67,878
Wealth Index⁵	164
Socioeconomic Status Index⁶	Moderate (64.6)

HOUSING
Total HU (Housing Units)	227 (100%)
Owner Occupied HU	168 (74.0%)
Renter Occupied HU	33 (14.5%)
Vacant Housing Units	26 (11.5%)
Median Home Value	$322,222
Average Home Value	$365,774
Housing Affordability Index³	108

HOUSEHOLDS
Total Households	201
Average Household Size	2.27
Family Households	147
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

227 (100%)

Owner Occupied HU

168 (74.0%)

Renter Occupied HU

33 (14.5%)

Vacant Housing Units

26 (11.5%)

Median Home Value

$322,222

Average Home Value

$365,774

Housing Affordability Index³

108

HOUSEHOLDS

Total Households

201

Average Household Size

2.27

Family Households

147

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	2020-2024	2024-2029
Population	1.34%	0.56%
Households	0.84%	0.98%
Families		0.67%
Median Household Income		7.28%
Per Capita Income		4.02%
Owner Occupied HU		1.73%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.34%

0.56%

Households

0.84%

0.98%

Families

0.67%

Median Household Income

7.28%

Per Capita Income

4.02%

Owner Occupied HU

1.73%

Towanda, IL - Peer Comparisons by Rank and Percentile

The table below compares Towanda to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 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	# 936	36th
Population Density	# 988	32nd
Median Household Income	# 180	88th
Housing Affordability Index	# 435	30th
Per Capita Income	# 59	96th
Diversity Index	# 520	65th

Variable Description

Rank

Percentile

Total Population

# 936

36th

Population Density

# 988

32nd

Median Household Income

# 180

88th

Housing Affordability Index

# 435

30th

Per Capita Income

# 59

96th

Diversity Index

# 520

65th

Illinois Census Data Comparison Tool

Towanda, IL Profile: Facts & Data

Towanda, Illinois - Basic Facts

Towanda, IL Data & Demographics (As of July 1, 2024)

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