Living in Olympia Fields, Illinois
Cost of living, income, home prices, rent and demographics of Olympia Fields · Census data 2020–2024
Olympia Fields has 4,734 residents with a median age of 46.6. The median household income is $123,875 (49% higher than the Illinois median), the median home value is $329,000, the median rent is $3,501/month.
Olympia Fields at a glance
- Population
- 4,734
- Median age
- 46.6State: 39
- Median household income
- $123,875State: $83,390
- Median home value
- $329,000State: $263,300
- Median rent
- $3,501/moState: $1,274
- Homeowners
- 88.8%
- Bachelor's degree or higher
- 50.4%
- Average commute
- 43 min
Is Olympia Fields a good place to live?
Pros: Median household income 49% higher than the Illinois median.
Cons: Home values 25% higher than the state median; an average commute of 43 minutes; unemployment of 5.9%; a poverty rate of 13.7%.
The weather is best in June to September.
Cost of living in Olympia Fields
Housing is the biggest part of the cost of living. In Olympia Fields the median home value is $329,000, about the same as the U.S. median. Renters pay a median of $3,501 per month, which is 48.6% of household income. Homeowners with a mortgage pay $2,567 a month in housing costs.
Olympia Fields median household income
The median household income in Olympia Fields is $123,875 and the income per person is $56,655. 13.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Olympia Fields: homes for sale and rent
- Housing units
- 2,181
- Owner-occupied
- 88.8%
- Renter-occupied
- 11.2%
- Vacant
- 10.5%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.38
Olympia Fields demographics
- Population
- 4,734
- Median age
- 46.6
- Under 18
- 21%
- 65 and older
- 30.2%
- Households
- 1,951
- Foreign-born
- 3.8%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Olympia Fields ›
Education in Olympia Fields
50.4% of adults 25 and older in Olympia Fields have a bachelor's degree or higher (Illinois: 37.8%), and 24.5% have a graduate or professional degree.
Jobs and commute in Olympia Fields
- Unemployment rate
- 5.9%State: 5.8%
- Average commute
- 43 minState: 28 min
- Work from home
- 20.7%
- Drive alone
- 63.2%
- Public transit
- 7.3%
- Walk to work
- 0.3%
- Homes with broadband
- 91.7%
Olympia Fields vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olympia Fields | 4,734 | $123,875 | $329,000 | $3,501 |
| Flossmoor | 9,391 | $133,663 | $344,800 | $2,164 |
| Park Forest | 21,156 | $61,072 | $115,300 | $1,365 |
| Homewood | 19,294 | $100,139 | $221,100 | $1,333 |
| Matteson | 18,645 | $95,457 | $250,600 | $1,580 |
| Chicago Heights | 26,736 | $54,798 | $161,000 | $1,038 |
| Country Club Hills | 16,324 | $75,197 | $192,000 | $1,709 |
| Hazel Crest | 13,792 | $68,393 | $185,300 | $1,320 |
| South Chicago Heights | 3,907 | $58,691 | $149,300 | $1,196 |
More for people moving to Olympia Fields
Olympia Fields ZIP code ›Weather and climate ›Living in Olympia Fields: FAQ
What is the median household income in Olympia Fields, IL?
The median household income in Olympia Fields is $123,875, 49% higher 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 Olympia Fields?
The median home value in Olympia Fields is $329,000, compared with $263,300 in Illinois.
How much is rent in Olympia Fields?
The median gross rent in Olympia Fields is $3,501 per month, about 48.6% of household income.
Is Olympia Fields, IL a good place to live?
Pluses: median household income 49% higher than the Illinois median. Minuses: home values 25% higher than the state median; an average commute of 43 minutes; unemployment of 5.9%; a poverty rate of 13.7%.
What is the median age in Olympia Fields?
The median age in Olympia Fields is 46.6 years (Illinois: 39).
How long is the commute in Olympia Fields?
The average commute to work in Olympia Fields is 43 minutes; 20.7% of workers work from home.
What is the unemployment rate in Olympia Fields?
The unemployment rate in Olympia Fields is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olympia Fields?
50.4% of adults in Olympia Fields 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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