Olney, IL · standard
ZIP Code 62450
Richland County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 12,218
- 31/sq mi Moderate-density area
- $62,096
- Median income Near-median income area
- $116,500
- Median home value Below-median home value
- 21.9%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Olney pairs a below-median household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 33rd pct
- household income, US ZIPs
- 15th pct
- home value, US ZIPs
- 31
- people per sq mi
- 70%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 62450 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 62450 (Olney, IL) rose +5.1% from 2023 to 2024. The all-transactions index moved from 174.4 in 2023 to 183.3 in 2024 (2000 = 100).
ZIP code 62450 is a mid-sized community (a standard USPS delivery area) in Olney, Richland County, Illinois, home to 12,218 residents across 394.1 square miles, a density of 31 people per square mile, in the Chicago time zone.
ZIP 62450 reports a modest median household income of $62,096 (22% below the average Illinois ZIP), while per-capita income is $33,807. The poverty rate is 12.0%, with unemployment at 3.1%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $116,500 (39% below the average Illinois ZIP), and median rent is $809; owner occupancy is 69.5%.
Educational attainment sits below the national norm: 21.9% of adults hold a bachelor's degree or higher, the median age is 41.8, and the average commute is 18 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 5 more in Richland County, so 62450 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 62450
Top 5 sectors by establishment count in Olney, IL
Which industries have the most business establishments in ZIP 62450.
- Health care and social assistance
Health care and social assistance
59 establishments
- Retail trade
Retail trade
49 establishments
- Other services (except public administration)
Other services (except public administration)
46 establishments
- Accommodation and food services
Accommodation and food services
38 establishments
- Construction
Construction
30 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 62450, Olney, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
12,218
Population
394.1
Area (sq mi)
31
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 62450?
41.8
Median Age
49.7%
Male
50.3%
Female
1.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$62,096
Median Household Income
-22% vs state ZIP avg
$33,807
Per Capita Income
12.0%
Poverty Rate
3.1%
Unemployment Rate
18.0 min
Mean Commute Time
How ZIP 62450 ranks among Illinois ZIPs
Olney, IL household income vs. every Illinois ZIP code
Median household income among 1,334 reporting Illinois ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$62,096 26th percentile higher than 26% of 1,334 Illinois ZIPs
Each bar is a $20K-wide band; taller bars hold more Illinois ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
5,923housing units
5,923
Total Housing Units
5,119
Occupied Units
804
Vacant Units
2.35
Avg Household Size
Occupancy Type
$116,500
Median Home Value
-39% vs state ZIP avg
$809
Median Rent
1972
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+5.1%
YoY Change (2024)
183
HPI Index (2000 = 100)
+83%
Total Change Since 2000
Home values in ZIP 62450 have increased 5.1% over the past year (2024). Since 2000, this ZIP has seen +83% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.7% | 147 |
| 2021 | +8.2% | 159 |
| 2022 | +15.7% | 184 |
| 2023 | -5.0% | 174 |
| 2024 | +5.1% | 183 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 372 business establishments in ZIP 62450, employing approximately 5,178 people with a combined annual payroll of $250,113,000.
372
Businesses
5,178
Employees
$250.1M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 59 | 15.9% |
| Retail trade | 49 | 13.2% |
| Other services (except public administration) | 46 | 12.4% |
| Accommodation and food services | 38 | 10.2% |
| Construction | 30 | 8.1% |
| Professional, scientific, and technical services | 25 | 6.7% |
| Finance and insurance | 22 | 5.9% |
| Wholesale trade | 20 | 5.4% |
| Manufacturing | 17 | 4.6% |
| Transportation and warehousing | 16 | 4.3% |
| Mining, quarrying, and oil and gas extraction | 14 | 3.8% |
| Information | 12 | 3.2% |
| Administrative and support and waste management and remediation services | 9 | 2.4% |
| Real estate and rental and leasing | 6 | 1.6% |
| Arts, entertainment, and recreation | 4 | 1.1% |
| Utilities | 3 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 62450 vs 62425 →
ZIP 62450 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62450
Olney (62450)
12,218 residents
- 62868 1,872
Noble (62868)
1,872 residents
- 62421 778
Claremont (62421)
778 residents
- 62425 649
Dundas (62425)
649 residents
- 62419 410
Calhoun (62419)
410 residents
- 62452 400
Parkersburg (62452)
400 residents
What this shows Among its immediate neighbors, ZIP 62450 ranks the most populous - useful context the national average alone can't give.
ZIP 62450 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62419
Calhoun (62419)
$95,982 median income
- 62452
Parkersburg (62452)
$78,036 median income
- 62450
Olney (62450)
$62,096 median income
- 62868
Noble (62868)
$61,645 median income
- 62421
Claremont (62421)
$55,833 median income
- 62425
Dundas (62425)
$54,400 median income
What this shows By household income, ZIP 62450 ranks #3 of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 62450, both outside IL so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (12,218 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Richland County
Related Areas
Frequently Asked Questions
What county is ZIP code 62450 in?
ZIP code 62450 (Olney) is located in Richland County, Illinois. Richland County contains multiple ZIP codes, see the full list at /counties/richland-il.
What is the population of ZIP code 62450?
ZIP code 62450 in Olney, IL has a population of 12,218 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 62450?
The median household income in ZIP 62450 is $62,096, which is 19% below the national average of $76,288.
What is the average home value in ZIP 62450?
The median home value in ZIP 62450 is $116,500, which is 58% below the national average of $278,155.
What is the demographic makeup of ZIP 62450?
The largest racial group in ZIP 62450 is White at 92.6%. Hispanic or Latino residents make up 2.4% of the population.
How many businesses are in ZIP code 62450?
ZIP code 62450 has 372 business establishments employing approximately 5,178 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 62450?
The top industries by establishment count in ZIP 62450 are: Health care and social assistance (59), Retail trade (49), Other services (except public administration) (46). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 62450?
According to the FHFA House Price Index, home values in ZIP 62450 increased by 5.1% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 83%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 62450?
In ZIP code 62450, 56.9% of residents aged 25+ have a high school diploma or higher, and 21.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 62450?
The mean commute time for workers in ZIP code 62450 is 18.0 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 62450?
In ZIP code 62450, approximately 69.5% of occupied housing units are owner-occupied and 30.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 62450?
The poverty rate in ZIP code 62450 is 12.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 62450's numbers, next.
- See how ZIP 62450 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Olney, IL ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.