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The total population of Toledo is estimated to be 1,181 with 579 males (49.03%) and 602 females (50.97%). There are 23 more females than males in Toledo.
The median household income in Toledo was $68,457 in 2021, which marked an an increase of 10,254(17.62%) from $58,203 in 2020. This income is 91.76% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Toledo sees its highest median household income among householders in the age group of 25 to 44 years old, at $86,608. Overall, the median household income for the village of Toledo stands at $68,457.
In Toledo, the median income for all workers aged 15 years and older, regardless of work hours, was $42,442 for males and $28,374 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,822 for males and $42,635 for females.
In Toledo, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $77,353, while White households have a median household income of $68,008.
In 2022, the population of Toledo was 1,145, a 0.35% decrease year-by-year from 2021. Previously, in 2021, Toledo's population was 1,149, a decline of 0.78% compared to a population of 1,158 in 2020.
The median age in Toledo, IL is 35.1, as per 2021 ACS 5-Year Estimates. Of the total population, 18.73% were under the age of 15, 21.52% aged 15 to 29, 45.15% aged 30 to 64, 12.66% aged 65 to 84, and 1.94% were 85 years of age and older.
Racial distribution of Toledo population: 94.26% are White, 0.34% are Black or African American and 5.40% are multiracial.