Median Income
$45,000
household / year
Median Home Value
$77,500
owner-occupied
Median Rent
$513
gross / month
Cost of Living
87
national avg = 100

Is Olmsted, IL a Good Place to Live?

Olmsted is a small town of 248 in Illinois, with a median household income of $45,000 and a 1.1% unemployment rate. Its cost of living index is 87 (US average = 100), which is 13% below the national average.

Strengths: Olmsted stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include longer commutes. Whether Olmsted is right for you depends on your priorities — the full breakdown is below.

All Olmsted city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 86.6

Olmsted's overall cost of living index is 86.6, where 100 represents the US national average. Living in Olmsted costs roughly 13% less than the average American city.

Metric Olmsted, IL National Avg
Median Home Value $77,500 $244,900
Median Monthly Rent $513 $1,163
Homeownership Rate 64.8% 65.9%
Median Household Income $45,000 $74,755

Crime & Safety

Crime data for Olmsted is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Olmsted, IL National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 10.1% 35.4%
High School Diploma or Higher 83.0% 91.1%

Weather & Climate

Olmsted sees average highs of 43.1°F in January and 89.0°F in July, with 49.4 inches of annual precipitation and 7.2 inches of snow per year.

MetricOlmsted, IL
Average High — January43.1°F
Average High — July89.0°F
Annual Precipitation49.4"
Annual Snowfall7.2"

Demographics

MetricOlmsted, ILNational Avg
Population248—
Median Age52.538.9
Unemployment Rate1.1%3.7%
Avg Commute Time30.2 min26 min
White (non-Hispanic)83.9%59.3%
Black or African American15.7%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1815.3%22.2%
65 and over32.3%16.8%

Nearby Cities

New Grand Chain, IL 6 mi Pulaski, IL 7 mi Mound City, IL 8 mi Mounds, IL 8 mi Bandana, KY 8 mi

ZIP Codes in Olmsted

Olmsted, IL is covered by 1 ZIP code:

62970

Olmsted vs Other Cities

Olmsted, IL vs New Grand Chain, IL Olmsted, IL vs Pulaski, IL Olmsted, IL vs Mound City, IL Olmsted, IL vs Mounds, IL Olmsted, IL vs Bandana, KY

Frequently Asked Questions

Olmsted's cost of living index is 87, where 100 is the national average. That makes Olmsted roughly 13% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $77,500 and median rent is $513/month.
Crime data for Olmsted is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Olmsted, IL has a population of 248, a median household income of $45,000, and an unemployment rate of 1.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Olmsted averages 43.1°F in January and 89.0°F in July. Annual rainfall is 49.4 inches with about 7.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Olmsted, IL is covered by 1 ZIP code: 62970.
The population of Olmsted, Illinois is 248 with a median age of 52.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Olmsted: cost of living index 87 (100 = US average), median home $77,500, median household income $45,000. Whether these are benefits or drawbacks depends on where you're coming from — compare Olmsted side by side with your current city to see the trade-offs.