Cost of Living in Olympia Fields, IL
Population 4,636 · Illinois · Data vintage 2023
(100 = US avg)
Olympia Fields sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Rent burden runs high: typical rents of $3,501/month consume roughly 39% of median household income, past the 30% threshold most affordability frameworks flag as strained.
Located 20 miles south of Chicago, Olympia Fields falls within that metro's commuting orbit. Median home values run roughly 8% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Olympia Fields
The median home value in Olympia Fields is $289,900 — 5% below the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $107,656/year is 44% higher than the US median of $74,580. The local unemployment rate is 6.8%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Olympia Fields has a cost of living index of 164 versus the US average of 100, meaning it is 64% more expensive.
Olympia Fields has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Olympia Fields, IL?
Olympia Fields has a cost index of 164 (100 = national average). It is 64% above the national average.
What is average rent in Olympia Fields, IL?
The median gross rent in Olympia Fields is $3,501 per month based on 2023 Census data.
What is the average home price in Olympia Fields?
The median home value in Olympia Fields is $289,900 according to Zillow and Census data.
What is the median income in Olympia Fields?
The median household income in Olympia Fields is $107,656 per year (2023 ACS 5-year estimates).
What is the sales tax in Olympia Fields, IL?
The combined state and local sales tax rate in Olympia Fields is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Olympia Fields, IL affordable?
Olympia Fields is above average in cost of living, with an index of 164 — about 64% higher than the national average.
Olympia Fields at a Glance
- Population
- 4,636
- Median Income
- $107,656
- Home Value
- $289,900
- Median Rent
- $3,501/mo
- Unemployment
- 6.8%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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