Cost of Living in Olive Branch, IL

With a cost of living index of 75, Olive Branch, IL is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 5% below the Illinois state average of 80. Olive Branch is a small community of 441 residents.

The median household income in Olive Branch is $27,250, which is 64% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Olive Branch. The area sees an average annual temperature of 57.7°F, with summers averaging 78°F and winters around 37°F. Annual rainfall totals 47.9 inches spread over roughly 116 days.

Everyday prices in the Cape Girardeau, MO-IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.