Everything You Should Know Before Moving to Olney, IL
Considering a move to Olney, IL? This small city of about 8,650 residents offers affordable living, with median home prices around $94,500 and average rent near $700. Commutes are a breeze at just over 15 minutes, and the area enjoys a friendly, tight-knit feel. While property crime rates are a bit above national average, Olney boasts a strong healthcare presence and quality local schools. With 59% sunny days and low cost of living, Olney is ideal for those seeking a quiet pace and value for their dollar.
Demographics - Olney, IL
Olney, Illinois is a small city of 8,650 residents with a median age of 41.7, reflecting a mature and stable community. The population is predominantly White, with a balanced gender ratio and a modest percentage of non-English speakers, fostering a welcoming and close-knit atmosphere.
Population:
8,650
Density:
1,550 per sq mi
Median Age:
41.7
Gender Ratio:
92 males per 100 females
Non-English Speakers Percentage:
3.5%
Ethnic Composition
White:
94.1%
Black:
1.1%
Asian:
1.0%
Others:
3.8%
Cost Of Living
What is the average cost of living in Olney, IL?
Olney offers an affordable cost of living, with median home values at $94,500 and average rents around $700, making it an attractive choice for budget-conscious individuals. Utilities and essential expenses remain reasonable, while the overall cost of living index is notably lower than the national average, ensuring your dollar stretches further.
Median House Value:
$94,500
Gross Rent:
$700
Monthly Electricity Charges:
$130
Auto Insurance:
$1,120
House Owner Cost With Mortgage:
$1,050
House Owner Cost Without Mortgage:
$430
State Taxes:
Low:
4.95%
|
High:
4.95%
Cost Of Living Index:
78.4
Grocery:
95.5
Housing:
56.7
Utilities:
102.3
Transportation:
84.8
Health Care:
94.2
Miscellaneous:
88.0
Crime
Is Olney, IL a safe place to live?
Olney experiences a property crime rate higher than average, with a 1 in 49 chance, while violent crime remains relatively low at 263 incidents per 100,000 people. Residents generally feel safe, but it’s wise to stay vigilant and take standard precautions, particularly regarding property security.
Violent Crimes Per 100k:
263
Property Crimes Per 100k:
2,030
Crime Index:
2,293
Chance Of Violent Crime:
1 in 380
Chance Of Property Crime:
1 in 49
Weather
What is the weather like in Olney, IL year-round?
Olney enjoys four distinct seasons, with warm summers averaging highs of 87°F and cold winters dipping to 21°F. The city receives about 42 inches of rain annually and sees sunshine nearly 60% of the year, offering a pleasant mix of weather for outdoor enthusiasts.
Winter
Min:
21°F
Max:
39°F
Spring
Min:
42°F
Max:
69°F
Summer
Min:
65°F
Max:
87°F
Fall
Min:
46°F
Max:
70°F
Average Rainfall Inches:
42 inches
Sunny Days Percentage:
59%
Neighbors
Residents in Olney typically earn a household income of $46,000, with a median income of $28,800 and a poverty rate of 18.4%. The community is educated, with nearly 90% holding at least a high school diploma, and neighbors enjoy short commute times and a quiet, small-town lifestyle.
Median Income:
$28,800
Household Income:
$46,000
Family Income:
$62,200
Per Capita Income:
$25,900
Income Male:
$41,300
Income Female:
$32,800
Poverty Rate:
18.4%
Non English Speakers:
3.5%
Rent:
$700
Unemployment Rate:
4.8%
Public Transport Usage:
0.2%
Commute Time:
15.2 minutes
Education
High School or Higher:
89.2%
Bachelors or More:
15.1%
Education
How are the schools in Olney, IL?
Olney supports quality education through well-rated public schools offering favorable student-teacher ratios, along with private school options. Higher education is accessible nearby, with colleges like Frontier Community College and Eastern Illinois University within commuting distance.
Public Schools
Name:
Richland County High School
Street:
1200 E Laurel St
Phone:
618-393-2191
Students:
634
Student Teacher Ratio:
16.1
Name:
Richland County Elementary School
Street:
1000 N Holly Rd
Phone:
618-395-8540
Students:
785
Student Teacher Ratio:
15.2
Private Schools
Name:
St. Joseph School
Street:
220 N. Elliot St
Phone:
618-395-3081
Students:
110
Colleges
Name:
Frontier Community College
City:
Fairfield
State:
IL
Distance:
20 miles
Students:
1,800
Name:
Eastern Illinois University
City:
Charleston
State:
IL
Distance:
47 miles
Students:
8,800
Healthcare
Olney provides reliable healthcare services, anchored by Carle Richland Memorial Hospital offering emergency care and general surgery. With 1.8 physicians per 1,000 residents and 91% health insurance coverage, healthcare access is convenient and comprehensive for locals.
Major Hospitals
Name:
Carle Richland Memorial Hospital
Address:
800 E Locust St, Olney, IL 62450
Phone:
(618) 395-2131
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.8
Health Insurance Coverage:
91.0%
Health Care Index:
68.5
Housing Market
What is the housing market like in Olney, IL?
The housing market in Olney is stable and affordable, with a median home price of $94,500 and a high owner-occupancy rate of 66.5%. Home values have experienced modest appreciation, while rental options remain accessible and vacancy rates are manageable.
Median Home Price:
$94,500
Average Rent For 2 Bedroom:
$700
Owner Occupied Rate:
66.5%
Rental Vacancy Rate:
8.1%
Home Appreciation Rate (1yr):
3.1%
New Construction Rate:
0.5%
Foreclosure Rate:
0.7%
DMV Information
Olney residents are served by the Illinois Secretary of State Facility at 1406 W Main St, providing convenient access to driver’s license and vehicle registration services. Up-to-date information and resources are available through the state’s official website.
State:
Illinois
Department:
Illinois Secretary of State Facility
Address:
1406 W Main St, Olney, IL 62450
Phone:
1-217-782-6212
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.