Living in Olmsted, Illinois
Cost of living, income, home prices, rent and demographics of Olmsted · Census data 2020–2024
Olmsted has 249 residents with a median age of 51.8. The median household income is $32,656 (61% lower than the Illinois median), the median home value is $51,800, the median rent is $625/month.
Olmsted is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Olmsted at a glance
- Population
- 249
- Median age
- 51.8State: 39
- Median household income
- $32,656State: $83,390
- Median home value
- $51,800State: $263,300
- Median rent
- $625/moState: $1,274
- Homeowners
- 73.2%
- Bachelor's degree or higher
- 5.2%
- Average commute
- 31 min
Is Olmsted a good place to live?
Pros: Home values 80% lower than the state median.
Cons: Median household income 61% lower than the Illinois median; an average commute of 31 minutes; a poverty rate of 23.7%.
The weather is best in May and August to October.
Cost of living in Olmsted
Housing is the biggest part of the cost of living. In Olmsted the median home value is $51,800, 84% lower than the U.S. median. Renters pay a median of $625 per month, which is 27.5% of household income. Homeowners with a mortgage pay $781 a month in housing costs.
Olmsted median household income
The median household income in Olmsted is $32,656 and the income per person is $21,263. 23.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Olmsted: homes for sale and rent
- Housing units
- 131
- Owner-occupied
- 73.2%
- Renter-occupied
- 26.8%
- Vacant
- 26%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.57
Olmsted demographics
- Population
- 249
- Median age
- 51.8
- Under 18
- 16.1%
- 65 and older
- 25.7%
- Households
- 97
- Foreign-born
- 0%
- Veterans
- 13.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Olmsted ›
Education in Olmsted
5.2% of adults 25 and older in Olmsted have a bachelor's degree or higher (Illinois: 37.8%), and 1.6% have a graduate or professional degree.
Jobs and commute in Olmsted
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 13.3%
- Drive alone
- 77.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 46.4%
Olmsted vs nearby towns
More for people moving to Olmsted
Olmsted ZIP code ›Weather and climate ›Living in Olmsted: FAQ
What is the median household income in Olmsted, IL?
The median household income in Olmsted is $32,656, 61% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Olmsted?
The median home value in Olmsted is $51,800, compared with $263,300 in Illinois.
How much is rent in Olmsted?
The median gross rent in Olmsted is $625 per month, about 27.5% of household income.
Is Olmsted, IL a good place to live?
Pluses: home values 80% lower than the state median. Minuses: median household income 61% lower than the Illinois median; an average commute of 31 minutes; a poverty rate of 23.7%.
What is the median age in Olmsted?
The median age in Olmsted is 51.8 years (Illinois: 39).
How long is the commute in Olmsted?
The average commute to work in Olmsted is 31 minutes; 13.3% of workers work from home.
What is the unemployment rate in Olmsted?
The unemployment rate in Olmsted is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olmsted?
5.2% of adults in Olmsted have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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