Olympia Fields, IL
Population 4,636 · Illinois
About Olympia Fields, IL
Olympia Fields is a small town located in Illinois with a population of 4,636 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,656 per year, which is 43% above the national median of $75,149. The median age of 45 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Olympia Fields features a median home value of $289,900, which is 18% above the national median of $244,900. This positions Olympia Fields in a moderately priced market relative to the rest of the country. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 2,013 total housing units, 86% are owner-occupied (1,559 units) and 14% are renter-occupied (255 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Olympia Fields shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.7%, above the national average of 12.4%. Workers in Olympia Fields have an average one-way commute time of 39.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
48.9% of Olympia Fields residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.1% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Olympia Fields, IL
Compared to national averages, Olympia Fields has a median household income of $107,656 (43% above the national median of $75,149). Home values average $289,900, which is 18% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Illinois, Olympia Fields's income is 43% above the state average of $75,072, and home values are 75% above the state median of $165,779.
Why Live in Olympia Fields, IL?
Olympia Fields offers a strong local economy with a median household income of $107,656, well above the national average, and a well-educated community where 48.9% of residents hold a bachelor’s degree or higher.
Olympia Fields has a population of 4,636 with a median age of 45 years. Compare Olympia Fields with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Olympia Fields
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Watseka | 4,630 | $42,794 | $104,400 | Compare |
| Fairfield | 4,658 | $41,026 | $91,800 | Compare |
| Tuscola | 4,675 | $77,034 | $148,100 | Compare |
| Creve Coeur | 4,572 | $49,853 | $86,500 | Compare |
| Cortland | 4,556 | $82,750 | $203,700 | Compare |
| Stone Park | 4,504 | $75,165 | $218,300 | Compare |
| Fox River Grove | 4,501 | $125,104 | $289,200 | Compare |
| Peotone | 4,462 | $104,792 | $261,400 | 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.
Compare Olympia Fields With Other Cities
Frequently Asked Questions about Olympia Fields
What is the population of Olympia Fields, IL?
The population of Olympia Fields, IL is 4,636 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Olympia Fields?
The median household income in Olympia Fields, IL is $107,656 per year, which is 43% above the national median of $75,149.
What is the median home value in Olympia Fields?
The median home value in Olympia Fields, IL is $289,900, which is 18% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olympia Fields?
The median monthly rent in Olympia Fields, IL is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Olympia Fields?
The unemployment rate in Olympia Fields, IL is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Olympia Fields, IL a good place to live?
Olympia Fields offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,636 and a median age of 45, the city appeals to a broad range of residents.
How educated is Olympia Fields, IL?
48.9% of residents in Olympia Fields aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Olympia Fields?
Key cost-of-living indicators for Olympia Fields, IL: median home value is $289,900 (18% above national), median rent is $3,501/month, and median household income is $107,656. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olympia Fields?
The poverty rate in Olympia Fields, IL is 12.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Olympia Fields, IL?
Olympia Fields's population is 0.1% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 77.8% two or more races. 3.3% of residents are foreign-born.