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Olney, IL 62450 has a population of approximately 12,317 and experiences a population change rate of 3.50%. The population density is 80.9 / sq mi .
The median household income for Olney, IL 62450 is $60,008, with 5,027 households and an average household size of 2.44.
The median value of a home in Olney, IL 62450 is $101,300 with an appreciation rate of 9.40%. 60.78% of housing in the state is owned while 25.97% is rented.
The cost of living in Olney, IL 62450 is 77.3 %.
The unemployment rate in Olney, IL 62450 is 3.50%, and recent job growth is at 1.16%. Future job growth is projected at 28.07%.
The sales tax rate in Olney, IL 62450 is 8.75%, while the income tax rate is 4.95% .
School expenditures in Olney, IL 62450 are $20,205, and the school ratio is 16.2:1.
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 45 inches per year, with 12.3 inches of snow per year.