Apartments for rent in Toluca, IL

Toluca, Illinois is a small town with just over 1,000 residents. Retirees make up a greater percentage of the population (26%) here than nationally (14%), while young professionals figure less prominently in the demographics. With an average age of just over 46, the town's residents skew notablyolder than most cities in Illinois. Renters tend to be in the minority in Toluca, and 83% of residents own their homes. With a relatively low average rent of $554/month in the town, renting remains an affordable option, particularly compared to other cities in Illinois. Each month, renters in Toluca will save around $498 compared to the state average.

Compared to the national average, Toluca has a high number of residents older than 25 who have earned a high school degree or equivalent (34%). Furthermore, 11% have earned a Bachelor's, Master's, Professional, or Doctoral degree. Many Toluca residents work in one of two industries: manufacturing and retail. Combined, these industries make up 22% of the town's labor force. Meanwhile, looking at job function, many of the town's residents work in transportation, as 12% of the town's population reports this as their field of work, the highest number of any field. Toluca workers earn an average annual income of around $59,000, around $18,000 less than their peers elsewhere in the state. Toluca's average income also trails the national average of $73,345.

Toluca residents have an average commute of about 30 minutes. Many residents (40%) commute to work by car or truck, while public transit is not used. Few workers (4%) commute on foot, though the number exceeds the national average.