The size of Toolamba is approximately 67.8 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Toolamba in 2011 was 752 people. By 2016 the population was 758 showing a population growth of 0.8% in the area during that time. The predominant age group in Toolamba is 0-9 years. Households in Toolamba are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Toolamba work in a professional occupation. In 2011, 86.5% of the homes in Toolamba were owner-occupied compared with 81.9% in 2016. Currently the median sales price of houses in the area is $475,000.