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ZipNumbers

Illinois · Census place 51024

Mount Olive city, IL

Quick answer

Mount Olive city has 1,979 residents, ranking #510 of 1462 places in Illinois. Median household income is $55,139, the median home is worth $96,600 and median gross rent runs $698 a month.

Population
1,979Mount Olive city residents
Median household income
$55,139Past 12 months, inflation adjusted
Median home value
$96,600Owner-occupied units
Median gross rent
$698Rent plus utilities, monthly
Median age
50.6 yrsAll residents
Homeownership rate
74%Owner-occupied households

What the numbers mean in Mount Olive city

Housing cost measured against local earnings.

A household earning the Mount Olive city median would spend about 15.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.8% of residents and 74% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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