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Olney, IL Profile: Facts & Data

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Olney, Illinois - Basic Facts

The City of Olney had a population of 8,479 as of July 1, 2025.

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.


Jump to... (On This Page!)
  1. Olney 2025 Demographic Data
  2. Growth Rates for Olney (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2025 Demographics
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Olney, IL Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 8,479 (100%)
Population in Households 8,167 (96.3%)
Population in Families 5,814 (68.6%)
Population in Group Quarters1 312 ( 3.7%)
Population Density 1,223
Diversity Index2 21
 
 

INCOME

Median Household Income $63,220
Average Household Income $75,592
% of Income for Mortgage4 11%
Per Capita Income $32,824
Wealth Index5 56
Socioeconomic Status Index6 Moderate (49.0)
 

HOUSING

Total HU (Housing Units) 4,175 (100%)
Owner Occupied HU 2,343 (56.1%)
Renter Occupied HU 1,332 (31.9%)
Vacant Housing Units 500 (12.0%)
Median Home Value $107,302
Average Home Value $140,923
Housing Affordability Index3 191
 

HOUSEHOLDS

Total Households 3,675
Average Household Size 2.22
Family Households 2,021
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population -0.49% -0.44%
Households -0.21% -0.26%
Families   -0.47%
Median Household Income   1.65%
Per Capita Income   1.74%
Owner Occupied HU   0.29%

Olney, IL - Peer Comparisons by Rank and Percentile

The table below compares Olney to the other 1,461 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2025 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 # 249 83rd
Population Density # 551 62nd
Median Household Income # 1080 26th
Housing Affordability Index # 1281 88th
Per Capita Income # 1131 23rd
Diversity Index # 776 47th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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