Tazewell County, Illinois: commercial real estate data.
Tazewell County, Illinois has a population of 130,290 across 649 square miles, down 1.3 percent since the 2020 census base. County output reached $7.84 bn in 2024, 2,772 establishments operate here, and the SBA record carries 60 7(a) approvals worth $48.6 m.
127 sourced county values · tier FULL · 12 sections
Tazewell County
How many people live in Tazewell County
- Population130,290
- Households54,051
- Average household size2.41
- Median household income$77,982
- Median age41.9
- Median gross rent$909 per month
- Median owner-occupied home value$167,500
- Home value to household income2.1 times
- Annual rent as a share of median income14.0 percent
- Adults 25 and over with a bachelor degree or higher28.4 percent
- Adults 25 and over with a graduate degree9.2 percent
- Adults 25 and over92,090
- Population under 1828,584
- Share under 1821.9 percent
- Population 65 and over25,882
- Share 65 and over19.9 percent
- Working age population, 18 to 6475,824
- Civilian labor force65,315
- Unemployment rate3.6 percent
- Labor force participation, adults 18 and over64.2 percent
- Rank by population among Illinois counties16th of 102
- Rank by population among US county-equivalents503rd
Tazewell County is the 16th largest of 102 Illinois counties by population. A median home costs 2.1 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.9 percent against 19.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Tazewell County
Is Tazewell County growing
- Population change since the 2020 census base-1.32 percent
- Census 2020 base population131,552
- Births, 20241,217
- Deaths, 20241,519
- Natural change, 2024-302
- Net domestic migration, 2024209
- Net international migration, 202482
- Total net migration, 2024291
- Cumulative net domestic migration, 2021 to 2024-21
- Rank by growth among US county-equivalents2297th
The county has lost 1.32 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Tazewell County
Where people moving to Tazewell County come from
- Tax returns filed by households arriving3,012
- People arriving, from those returns5,138
- Adjusted gross income arriving$179.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$59,652
- Largest single originTazewell County Non-migrants (51,693 households)
- Largest single destination (51,693 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Tazewell County Non-migrants | 51,693 | 105,445 | $4.42 bn |
| Peoria County | 1,059 | 1,765 | $54.4 m |
| Other flows - Different State | 802 | 1,476 | $55.8 m |
| Other flows - South | 333 | 635 | $24.4 m |
| Other flows - Same State | 315 | 500 | $21.7 m |
| Other flows - Midwest | 268 | 483 | $17.7 m |
| Woodford County | 234 | 413 | $13.5 m |
| McLean County | 183 | 299 | $10.9 m |
The largest single source of arrivals is Tazewell County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Tazewell County
What the Tazewell County economy runs on
- County GDP, 2024$7.84 bn
- County GDP, 2023$7.44 bn
- GDP change, 2023 to 20245.3 percent
- GDP change over five years37.2 percent
- Rank by GDP among Illinois counties17th
- Rank by GDP among US county-equivalents536th
- GDP per resident$60,138
Output grew 5.3 percent in the latest year and 37.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Tazewell County
Who employs people in Tazewell County
- Covered employment, annual average46,883
- Establishments reporting2,560
- Average annual pay$56,089
- Average weekly wage$1,079
- Sector 44-45, employment6,691
- Sector 44-45, average annual pay$37,877
- Sector 31-33, employment6,282
- Sector 31-33, average annual pay$77,331
- Sector 72, employment5,473
- Sector 72, average annual pay$23,539
- Sector 62, employment4,339
- Sector 62, average annual pay$43,725
- Sector 23, employment3,101
- Sector 48-49, employment2,830
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 6,691 | 347 | $37,877 |
| Sector 31-33 | 6,282 | 121 | $77,331 |
| Sector 72 | 5,473 | 274 | $23,539 |
| Sector 62 | 4,339 | 229 | $43,725 |
| Sector 23 | 3,101 | 282 | $75,240 |
| Sector 48-49 | 2,830 | 104 | $81,959 |
| Sector 42 | 2,207 | 98 | $73,534 |
| Sector 54 | 1,814 | 206 | $69,230 |
The largest sector is the biggest private employer group at 6,691 jobs, 14.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Tazewell County
What businesses operate in Tazewell County
- Establishments, all industries2,772
- Employment at those establishments43,738
- Annual payroll$2.26 bn
- Establishments per 1,000 residents21.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Tazewell County
What is being built in Tazewell County
- Housing units authorised by permit, 2024117
- Declared construction value permitted$32.8 m
- Single family units authorised77
- Multifamily units authorised40
- Multifamily share of units34.2 percent
- Average declared value per unit$280,233
- Units authorised per 1,000 households2.2
Multifamily is 34.2 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Tazewell County
How much SBA lending happens in Tazewell County
- 7(a) approvals recorded60
- 7(a) gross approval dollars$48.6 m
- Average 7(a) approval$809,270
- Median 7(a) approval$250,000
- 10th percentile approval$56,000
- 90th percentile approval$2,690,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)759
- Jobs per approval12.7
- Distinct 7(a) lenders active24
- Distinct industries receiving approvals36
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer28.3 percent
- Loans on real estate terms17
- Loans on working capital terms, 120 months or shorter40
- Franchise loans11
- Franchise share of approvals18.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (9)
- Most active lenderMorton Community Bank (15)
- 504 approvals recorded48
- 504 gross approval dollars$36.7 m
- Average 504 approval$764,021
- Median 504 approval$487,000
- Distinct CDCs active4
- 504 jobs per approval15.0
- 504 jobs per million dollars approved19.6
- Most active CDCSmall Business Growth Corporation (28)
- 7(a) share of SBA approvals55.6 percent
- Combined SBA approval dollars$85.2 m
The average approval of $809,270 sits well above the median of $250,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 28.3 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Tazewell County
Do SBA loans in Tazewell County get paid back
- Loans with a final outcome recorded12
- Paid in full12
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Cancelled9
- Status: Exempt from disclosure37
- Status: Paid in full12
- Status: Committed, not yet disbursed2
Of the 12 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Tazewell County
Which parts of Tazewell County get the lending
- Places in the county with recorded lending7
- Pekin, approvals20
- EAST PEORIA, approvals19
- WASHINGTON, approvals10
- MORTON, approvals6
- Minier, approvals2
- MACKINAW, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Pekin | 20 | $20,231,400 |
| EAST PEORIA | 19 | $16,691,000 |
| WASHINGTON | 10 | $8,867,500 |
| MORTON | 6 | $2,120,000 |
| Minier | 2 | $422,500 |
| MACKINAW | 2 | $150,000 |
| SOUTH PEKIN | 1 | $73,800 |
Pekin accounts for 20 approvals against 19 in EAST PEORIA. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Tazewell County
How big is Tazewell County
- Land area649 sq mi
- Rank by land area among Illinois counties29th of 102
- Width, east to west34.8 mi
- Height, north to south29.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land201
- Establishments per square mile4.27
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Tazewell County
What hazards affect Tazewell County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book16
- Of those, participating in the NFIP16
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Tazewell County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Tazewell County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population130,290
- Households54,051
- Average household size2.41
- Median household income$77,982
- Median age41.9
Common questions
Tazewell County questions, answered from the record.
How many people live in Tazewell County, Illinois?
130,290, in 54,051 households, ranking 16th of 102 Illinois counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Tazewell County growing?
The population has fallen 1.32 percent since the 2020 census base. In 2024 there were 1,217 births against 1,519 deaths, with net migration of 291. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Tazewell County?
$77,982. The median owner-occupied home is valued at $167,500, which is 2.1 times income, and median gross rent is $909 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Tazewell County?
2,772 establishments, employing 43,738 people with an annual payroll of $2.26 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Tazewell County?
Average annual pay is $56,089, or $1,079 a week, across 46,883 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Tazewell County?
60 7(a) approvals totalling $48.6 m since FY2020, across 24 lenders, with a median approval of $250,000, plus 48 504 approvals worth $36.7 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Tazewell County get paid back?
Of the 12 loans that have reached a final outcome, 12 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Tazewell County?
117 housing units were authorised by permit in 2024, with a declared construction value of $32.8 m. Multifamily was 34.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Tazewell County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Tazewell County come from?
The largest single origin is Tazewell County Non-migrants, with 51,693 households. Arriving households report an average income of $59,652 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Tazewell County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Tazewell County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.