PlainZIP

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
$62,096
Median income
$116,500
Median home value
21.9%
Bachelor's or higher

The verdict

Olney pairs a below-median household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.

33th 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.

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 Illinois average), while per-capita income is $33,807. The poverty rate stands at 12.0% and the unemployment rate at 3.1%. The typical home here is valued at $116,500 (39% below the state average); renters pay a median of $809 monthly, and 69.5% of units are owner-occupied.

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. To put 62450 in local context, 5 ZIP codes within roughly 10 miles appear further down this page alongside 5 additional ZIPs in Richland County, for a geography-aware comparison.

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 62450?

41.8

Median Age

49.7%

Male

50.3%

Female

1.8%

Foreign-Born

White 92.6%
African American 0.5%
Asian 0.7%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.2%
Hispanic or Latino 2.4%

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

$33,807

Per Capita Income

12.0%

Poverty Rate

3.1%

Unemployment Rate

18.0 min

Mean Commute Time

How ZIP 62450 ranks nationally

Olney, IL household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$62,096 33rd percentile higher than 33% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

High School Graduate or Higher 56.9%
Bachelor's Degree or Higher 21.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

5,923

Total Housing Units

5,119

Occupied Units

804

Vacant Units

2.35

Avg Household Size

Occupancy Type

Owner 69.5%
Renter 30.5%

$116,500

Median Home Value

-39% vs state

$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.

residents

What this shows Among its immediate neighbors, ZIP 62450 ranks the most populous - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 62450 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
62425 Dundas, IL 649 8.0 mi
62868 Noble, IL 1,872 7.7 mi
62421 Claremont, IL 778 8.4 mi
62419 Calhoun, IL 410 8.5 mi
62452 Parkersburg, IL 400 9.6 mi

More ZIP Codes in Richland County

62868 standard
Noble, IL
Pop: 1,872
62421 standard
Claremont, IL
Pop: 778
62425 standard
Dundas, IL
Pop: 649
62419 standard
Calhoun, IL
Pop: 410
62452 standard
Parkersburg, IL
Pop: 400

Related Areas

Richland County Olney, IL Illinois

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.

Read our methodology to see how this data is sourced, computed, and verified.