Cost of Living in Olney, IL
Overall index: 61 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Overall
61
↓ -39% vs US
Cost Breakdown by Category
Housing
28
↓ -72% vs US
$538 Median rent (1BR)
Transportation
106
↑ +6% vs US
$3.50 Gas price (gal)
Food
78
↓ -22% vs US
$320 Groceries / month
Utilities
64
↓ -36% vs US
$50 Utilities / month
Healthcare
64
↓ -36% vs US
$36 Doctor visit
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 28 | -72% | $538 |
| Transportation | 106 | +6% | $3.50 |
| Food | 78 | -22% | $320 |
| Utilities | 64 | -36% | $50 |
| Healthcare | 64 | -36% | $36 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Olney?
A single adult living comfortably in Olney, IL needs approximately $21,350 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Olney, IL?
The overall cost of living in Olney, IL is 39% lower than the US national average (index: 61 where 100 = national average).
How much is rent in Olney, IL?
Average rent for a 1-bedroom apartment in Olney, IL is about $538/month.
Is Olney, IL expensive to live in?
No, Olney, IL is affordable (below national average).
What salary do I need to live in Olney, IL?
A single adult needs roughly $21,350/year to cover basic living costs in Olney, IL.