What is the cost of living in Olney, IL?
According to the most recent data on the cost of living, Olney has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Illinois, Olney has a cost of living index that's 0.8x lower than Illinois's index of 98.
The standard of living in Olney ranks as #6 most affordable out of the 336 places we measured in Illinois. By definition, that implies Olney ranks as the #330 most expensive place in the Prairie State.
For more reading on life in Olney, check out:
Olney Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Olney. Here is how it fares on each of the criteria:
The Services index in Olney is 97.
The Groceries index in Olney is 95.
The Health index in Olney is 47.
The Housing index in Olney is 98.
The Transportation index in Olney is 93.
The Utilities index in Olney is 101.
| Living Expense | Olney | Illinois | National Average |
|---|---|---|---|
| Overall | 81 | 98 | 100 |
| Services | 97 | 99 | 100 |
| Groceries | 95 | 99 | 100 |
| Health | 47 | 96 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 93 | 99 | 100 |
| Utilities | 101 | 101 | 100 |
Olney Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Olney Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Olney, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Olney is $132,106.
The Median Rent in Olney is $809.
The Median Income in Olney is $59,980.
The Home Value To Income in Olney is 2.2x.
The Rent To Monthly Income in Olney is 0.16x.
Olney, IL Costs By Category
Detailed Olney Services costs vs. Illinois
Detailed Olney Groceries costs vs. Illinois
Detailed Olney Health costs vs. Illinois
Detailed Olney Transportation costs vs. Illinois
Olney SnackAbility
Cost Of Living In Cities Around Olney
The cost of living varies in the cities and towns around Olney. Here's a quick look at the cost of living in the most populous nearby places:
Vincennes, IN has a cost of living index of 83, 1.0x Olney.
Washington, IN has a cost of living index of 87, 1.1x Olney.
Effingham, IL has a cost of living index of 91, 1.1x Olney.
| City | Population | Cost Of Living | Vs. Olney |
|---|---|---|---|
| Vincennes, IN | 16,586 | 83 | 1.0x |
| Washington, IN | 12,367 | 87 | 1.1x |
| Effingham, IL | 12,342 | 91 | 1.1x |
| Salem, IL | 7,236 | 87 | 1.1x |
| Robinson, IL | 7,084 | 83 | 1.0x |
| Mount Carmel, IL | 6,854 | 85 | 1.0x |
