Olmsted, IL population, income and ZIP codes

Olmsted village is a very small community in Illinois, with 257 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #1137 of 1,462 ranked by population — larger than 22% of them. The median age here is 57.4 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Olmsted village earn a median of $34,375 a year, 56.2% below the national figure of $78,538 and 54% below the $74,244 median for the 698 Illinois cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 16% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Olmsted village is valued at not published, while median gross rent runs $775 a month, 44.9% below the national figure, or roughly $9,300 across a full year. A household on the local median income would put about 27.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. 71.1% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

A median age of 57.4 puts Olmsted village well into retirement-weighted territory, which pulls median household income down even where household wealth is high, because retirement draws are counted differently from wages. With 257 residents, a handful of survey responses moves every median on this page. Compare Olmsted village against its county rather than against national figures.

The Census withheld home value for Olmsted village because the sample was too thin to publish at this geography. Those values were suppressed at the source, not lost in our dataset, and we do not model a replacement. Everything else on this page comes straight from the ACS 2019-2023 ACS 5-year tables.