Olmsted, IL
Population 257 · Illinois
About Olmsted, IL
Olmsted is a small community in Illinois with a population of 257 residents. The median household income is $34,375 per year, which is below the national average. The median age in Olmsted is 57.4 years.
Housing in Olmsted has a median home value of $0 and median monthly rent of $775. Of the 130 total housing units, the majority are owner-occupied, with 64 owner-occupied and 26 renter-occupied units.
The unemployment rate in Olmsted is 0.0% and the poverty rate is 16.0%. 5.7% of residents hold a bachelor's degree or higher. The average commute time is 31.5 minutes.
Cost of Living in Olmsted, IL
Compared to national averages, Olmsted has a median household income of $34,375 (54% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Illinois, Olmsted's income is 54% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Olmsted, IL?
Olmsted offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $775/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($34,375) that falls below the national average. However, Olmsted’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olmsted has a population of 257 with a median age of 57.4 years. Compare Olmsted with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Olmsted
What is the population of Olmsted, IL?
The population of Olmsted, IL is 257 according to the latest Census data.
What is the median household income in Olmsted?
The median household income in Olmsted, IL is $34,375 per year.
What is the median home value in Olmsted?
The median home value in Olmsted, IL is $0.
What is the average rent in Olmsted?
The median monthly rent in Olmsted, IL is $775.
What is the unemployment rate in Olmsted?
The unemployment rate in Olmsted, IL is 0.0%.