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The total population of Towanda is estimated to be 426 with 238 males (55.87%) and 188 females (44.13%). There are 50 less females than males in Towanda.
The median household income in Towanda was $71,273 in 2021, which marked an an increase of 4,134(6.16%) from $67,139 in 2020. This income is 95.53% 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, Towanda sees its highest median household income among householders in the age group of 25 to 44 years old, at $77,015. Overall, the median household income for the village of Towanda stands at $71,273.
In Towanda, the median income for all workers aged 15 years and older, regardless of work hours, was $48,190 for males and $32,652 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,445 for males and $68,638 for females.
In Towanda, population is primarily represented by White households, reporting a median income of $64,404.
In 2022, the population of Towanda was 431, a 0.23% decrease year-by-year from 2021. Previously, in 2021, Towanda's population was 432, a decline of 0.23% compared to a population of 433 in 2020.
The median age in Towanda, IL is 47.4, as per 2021 ACS 5-Year Estimates. Of the total population, 13.03% were under the age of 15, 15.69% aged 15 to 29, 48.40% aged 30 to 64, 21.01% aged 65 to 84, and 1.86% were 85 years of age and older.
Racial distribution of Towanda population: 97.34% are White, 0.53% are Black or African American, 1.06% are some other race and 1.06% are multiracial.