Also See Olney, IL: ZIP Codes & Maps
The City of Olney had a population of 8,583 as of July 1, 2023.
The primary coordinate point for Olney is located at latitude 38.7309 and longitude -88.0853 in Richland County. The formal boundaries for the City of Olney encompass a land area of 7.08 sq. miles and a water area of 0 sq. miles. Richland County is in the Central time zone (GMT -6).
The City of Olney has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The City of Olney is located within Township of Olney, a minor civil division (MCD) of Richland County.
POPULATION | |
---|---|
Total Population | 8,583 (100%) |
Population in Households | 8,271 (96.4%) |
Population in Families | 6,190 (72.1%) |
Population in Group Quarters1 | 312 ( 3.6%) |
Population Density | 1,238 |
Diversity Index2 | 20 |
INCOME | |
Median Household Income | $54,279 |
Average Household Income | $71,360 |
% of Income for Mortgage4 | 11% |
Per Capita Income | $30,814 |
Wealth Index5 | 53 |
Socioeconomic Status Index6 | Moderate (46.8) |
HOUSING | |
---|---|
Total HU (Housing Units) | 4,163 (100%) |
Owner Occupied HU | 2,347 (56.4%) |
Renter Occupied HU | 1,352 (32.5%) |
Vacant Housing Units | 464 (11.1%) |
Median Home Value | $97,872 |
Average Home Value | $130,720 |
Housing Affordability Index3 | 200 |
HOUSEHOLDS | |
Total Households | 3,699 |
Average Household Size | 2.24 |
Family Households | 2,130 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.42% | -0.28% |
Households | -0.13% | 0.03% |
Families | -0.06% | |
Median Household Income | 1.95% | |
Per Capita Income | 2.66% | |
Owner Occupied HU | 0.36% |
The table below compares Olney to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 250 | 83rd |
Population Density | # 555 | 62nd |
Median Household Income | # 1108 | 24th |
Housing Affordability Index | # 1150 | 79th |
Per Capita Income | # 1083 | 26th |
Diversity Index | # 751 | 49th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.
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