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Olmsted, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
249
Population
$32,656
Median Income
$51,800
Home Value
51.8
Median Age

Demographics

Olmsted has a population of 249 with a median age of 51.8. Here is the racial and ethnic breakdown of the population:

White
80.3%
Black
11.6%
Other
8.1%
Demographic Value
Total Population249
Median Age51.8
White80.3%
Black or African American11.6%
Other / Two or More Races8.1%
Olmsted, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 80.3%Black: 11.6%Other: 8.1%249PopulationWhiteWhite80.3%BlackBlack11.6%OtherOther8.1%

Income & Economy

The median household income in Olmsted is $32,656, which is 59.5% below the national median of $80,610. The per capita income is $21,263. The poverty rate is 23.7%.

$32,656
Median Household Income
$21,263
Per Capita Income
23.7%
Poverty Rate

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Education

In Olmsted, 87.0% of residents age 25+ have a high school diploma or higher, and 5.2% hold a bachelor's degree or higher (1.6% with a graduate or professional degree).

HS Diploma+
87.0%
Bachelor's+
5.2%
Graduate+
1.6%
Education Level % of Adults (25+)
High School Diploma or Higher87.0%
Bachelor's Degree or Higher5.2%
Graduate or Professional Degree1.6%

Housing

The median home value in Olmsted is $51,800, below the national median of $303,400. The median monthly rent is $625. The homeownership rate is 73.2%.

$51,800
Median Home Value
$625/mo
Median Rent
73.2%
Homeownership Rate
Housing Metric Value
Median Home Value$51,800
Median Monthly Rent$625
Homeownership Rate73.2%
Vacancy Rate26.0%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Olmsted, Illinois?
The population of Olmsted, Illinois is 249 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Olmsted, Illinois?
The median household income in Olmsted, Illinois is $32,656. This is 59.5% below the national median of $80,610.
What is the median home value in Olmsted, Illinois?
The median home value in Olmsted, Illinois is $51,800. The median monthly rent is $625.
What percentage of people in Olmsted have a college degree?
In Olmsted, Illinois, 5.2% of adults age 25 and older hold a bachelor's degree or higher, and 87.0% have a high school diploma or higher.
Is Olmsted, Illinois an affordable place to live?
The home price-to-income ratio in Olmsted, Illinois is 1.6x (median home value $51,800 vs. median income $32,656), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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