Olive Branch, IL Profile: Facts & Data

The Olive Branch CDP⁽¹⁾ had a population of 563 as of July 1, 2024. Olive Branch ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Olive Branch is located at latitude 37.1687 and longitude -89.3517 in Alexander County. The formal boundaries for the Olive Branch Census Designated Place encompass a land area of 9.64 sq. miles and a water area of 0.01 sq. miles. Alexander County is in the Central time zone (GMT -6).

The Olive Branch Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Olive Branch, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	563 (100%)
Population in Households	563 (100.0%)
Population in Families	458 (81.3%)
Population in Group Quarters¹	0
Population Density	60
Diversity Index²	41


INCOME
Median Household Income	$55,816
Average Household Income	$59,238
% of Income for Mortgage⁴	11%
Per Capita Income	$26,620
Wealth Index⁵	40
Socioeconomic Status Index⁶	Low (41.6)

HOUSING
Total HU (Housing Units)	317 (100%)
Owner Occupied HU	230 (72.6%)
Renter Occupied HU	23 ( 7.3%)
Vacant Housing Units	64 (20.2%)
Median Home Value	$94,118
Average Home Value	$157,174
Housing Affordability Index³	224

HOUSEHOLDS
Total Households	253
Average Household Size	2.23
Family Households	148
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Olive Branch, IL - Peer Comparisons by Rank and Percentile

The table below compares Olive Branch to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-3.32%	-2.62%
Households	-1.17%	-1.21%
Families		-1.68%
Median Household Income		0.74%
Per Capita Income		3.87%
Owner Occupied HU		-1.34%

Variable Description	Rank	Percentile
Total Population	# 864	41st
Population Density	# 1449	1st
Median Household Income	# 1172	20th
Housing Affordability Index	# 1347	92nd
Per Capita Income	# 1359	7th
Diversity Index	# 379	74th

Olive Branch, IL Profile: Facts & Data

Olive Branch, Illinois - Basic Facts

Olive Branch, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Olive Branch, IL - Peer Comparisons by Rank and Percentile

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Alexander County