Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Ratings
AreaVibes collected feedback from local residents in the area through surveys and polls, and the results did not show a favorable view of things like local amenities and the safety of the area.
Olney is a small city located in the state of Illinois. The city has a population of 8,872 residents. The majority of Olney residents report their race to be White; this is followed by Black and Asian. Single men and women might be happy to hear that in Olney, only 50% of the population is married. If you are not a fan of long commutes, you will enjoy living in Olney. With an average one way commute time of only 20 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Olney, Illinois could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like cost of living, health & safety, education, employment, housing, you can easily compare the best places to live in Olney and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Olney to Illinois and the national average.
The livability score in Olney is 69/100 and the city is ranked in the 75th percentile of all cities across America. Based on the grades for each individual category, Olney has received high marks for housing (B+). There are some categories that Olney scores poorly for, including: education (F) and employment (D-). It might be worth taking a closer look to figure out why.
Finding affordable real estate and housing in Olney can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Olney meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Olney. Everything else becomes a lot less important if it turns out that home prices in Olney are simply unattainable. Median real estate prices in Olney come in at $82,100, which is 53% lower than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Olney, the home price to income ratio is 1.7, which is 43.3% lower than the Illinois average.
| Statistic | Olney | Illinois | National |
| Average one way commute | 20min | 29min | 26min |
| Workers who drive to work | 81.2% | 73.4% | 76.4% |
| Workers who carpool | 10.4% | 8.3% | 9.3% |
| Workers who take public transit | 0.5% | 9.2% | 5.1% |
| Workers who bicycle | 0.2% | 0.6% | 0.6% |
| Workers who walk | 2.1% | 3.1% | 2.8% |
| Working from home | 5.1% | 4.4% | 4.6% |
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