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ZipNumbers

Illinois · Census place 55912

Olney city, IL

Quick answer

Olney city has 8,864 residents, ranking #244 of 1462 places in Illinois. Median household income is $57,997, the median home is worth $96,900 and median gross rent runs $769 a month.

Population
8,864Olney city residents
Median household income
$57,997Past 12 months, inflation adjusted
Median home value
$96,900Owner-occupied units
Median gross rent
$769Rent plus utilities, monthly
Median age
40.7 yrsAll residents
Homeownership rate
65.6%Owner-occupied households

What the numbers mean in Olney city

Housing cost measured against local earnings.

A household earning the Olney city median would spend about 15.9% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.4% of residents and 65.6% 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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