Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.9 yrs |
|---|---|
| Avg HH Size | 2.39 |
| Below Poverty | 12.4% ▲ 24% above avg |
| College Grads | 41.2% ≈ Avg |
| Unemployment | 4.3% ▼ 12% below avg |
| No HS Diploma | 81 (1%) |
| HS Graduate | 2,528 (31.4%) |
| Some College | 1,121 (13.9%) |
| Associates | 1,013 (12.6%) |
| Bachelors | 1,522 (18.9%) |
| Graduate Degree | 1,796 (22.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $60,133 ▼ 21% below avg |
|---|---|
| Median Home Value | $111,600 ▼ 60% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $761/mo |
| Total Housing Units | 5,881 |
| Vacant Units | 820 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Olney is a city in Illinois, located in Richland County. The city spans 1 ZIP code and is home to approximately 12,406 residents. It is a middle-aged city, with a median age of 42.9 years.
Economically, Olney is a solidly middle-class community. The median household income of $60,133 is below the national average. Approximately 12.4% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in Olney is one of the more affordable housing markets in the country. Median home values stand at $111,600, which is well below the national average. Renters typically pay around $761 per month. Homeownership is high at 69.2%, typical of suburban and family-oriented communities.
The population of Olney is well-educated. 41.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.55%).
Olney, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 62450 | 12,406 | $60,133 | $111,600 | $761 | 4.3% | 41.2% | 69.2% |