Mount Olive, IL
Population 1,979 · Illinois
About Mount Olive, IL
Mount Olive is a small community in Illinois with a population of 1,979 residents. The median household income is $55,139 per year, which is near the national average. The median age in Mount Olive is 50.6 years.
Housing in Mount Olive has a median home value of $96,600 and median monthly rent of $698. Of the 1,057 total housing units, the majority are owner-occupied, with 672 owner-occupied and 236 renter-occupied units.
The unemployment rate in Mount Olive is 5.6% and the poverty rate is 14.8%. 14.2% of residents hold a bachelor's degree or higher. The average commute time is 27.4 minutes.
Cost of Living in Mount Olive, IL
Compared to national averages, Mount Olive has a median household income of $55,139 (27% below the national median of $75,149). Home values average $96,600, which is 61% below the national median. Monthly rent at $698 is 40% below the US average of $1,163. Within Illinois, Mount Olive's income is 27% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Mount Olive, IL?
Mount Olive offers affordable housing with a median home value of $96,600, below the US average of $244,900, and rent that’s lower than the national average at $698/month.
Potential considerations include median household income ($55,139) that falls below the national average. However, Mount Olive’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mount Olive has a population of 1,979 with a median age of 50.6 years. Compare Mount Olive with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Mount Olive
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake of the Woods | 1,976 | $69,054 | $194,300 | Compare |
| Roanoke | 1,987 | $74,141 | $139,800 | Compare |
| Channel Lake | 1,988 | $63,958 | $210,400 | Compare |
| Farmington | 1,990 | $64,313 | $99,300 | Compare |
| Prairie Grove | 1,992 | $138,229 | $439,100 | Compare |
| Crystal Lawns | 1,965 | $109,415 | $234,600 | Compare |
| Port Byron | 1,959 | $101,250 | $259,300 | Compare |
| Farmer City | 2,001 | $73,147 | $128,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Mount Olive
What is the population of Mount Olive, IL?
The population of Mount Olive, IL is 1,979 according to the latest Census data.
What is the median household income in Mount Olive?
The median household income in Mount Olive, IL is $55,139 per year.
What is the median home value in Mount Olive?
The median home value in Mount Olive, IL is $96,600.
What is the average rent in Mount Olive?
The median monthly rent in Mount Olive, IL is $698.
What is the unemployment rate in Mount Olive?
The unemployment rate in Mount Olive, IL is 5.6%.