Living in Oolitic, Indiana
Cost of living, income, home prices, rent and demographics of Oolitic · Census data 2020–2024
Oolitic has 1,522 residents with a median age of 46.9. The median household income is $59,018 (18% lower than the Indiana median), the median home value is $138,200, the median rent is $814/month.
Oolitic at a glance
- Population
- 1,522
- Median age
- 46.9State: 38.1
- Median household income
- $59,018State: $71,957
- Median home value
- $138,200State: $218,200
- Median rent
- $814/moState: $1,062
- Homeowners
- 67.5%
- Bachelor's degree or higher
- 26%
- Average commute
- 23 min
Is Oolitic a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 23 minutes; unemployment of 4%; a poverty rate of 3.1%.
Cons: Median household income 18% lower than the Indiana median.
The weather is best in May–June and August–September.
Cost of living in Oolitic
Housing is the biggest part of the cost of living. In Oolitic the median home value is $138,200, 58% lower than the U.S. median. Renters pay a median of $814 per month, which is 21.2% of household income. Homeowners with a mortgage pay $1,101 a month in housing costs.
Oolitic median household income
The median household income in Oolitic is $59,018 and the income per person is $31,436. 3.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in Oolitic: homes for sale and rent
- Housing units
- 715
- Owner-occupied
- 67.5%
- Renter-occupied
- 32.5%
- Vacant
- 16.5%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.55
Oolitic demographics
- Population
- 1,522
- Median age
- 46.9
- Under 18
- 19.1%
- 65 and older
- 30.2%
- Households
- 597
- Foreign-born
- 0.8%
- Veterans
- 19.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Oolitic ›
Education in Oolitic
26% of adults 25 and older in Oolitic have a bachelor's degree or higher (Indiana: 29.5%), and 3.6% have a graduate or professional degree.
Jobs and commute in Oolitic
- Unemployment rate
- 4%State: 4.3%
- Average commute
- 23 minState: 24 min
- Work from home
- 7.3%
- Drive alone
- 85.4%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 80.2%
Oolitic vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Oolitic | 1,522 | $59,018 | $138,200 | $814 |
| Avoca | 439 | $73,654 | $211,600 | — |
| Bedford | 13,837 | $49,553 | $152,400 | $828 |
| Harrodsburg | 298 | $35,417 | $182,800 | — |
| Mitchell | 3,937 | $48,930 | $114,500 | $849 |
| Smithville-Sanders | 3,299 | $74,750 | $259,100 | $1,123 |
| Huron | 237 | $88,333 | — | — |
| Stanford | 472 | $131,289 | $295,500 | — |
More for people moving to Oolitic
Oolitic ZIP code ›Weather and climate ›Living in Oolitic: FAQ
What is the median household income in Oolitic, IN?
The median household income in Oolitic is $59,018, 18% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Oolitic?
The median home value in Oolitic is $138,200, compared with $218,200 in Indiana.
How much is rent in Oolitic?
The median gross rent in Oolitic is $814 per month, about 21.2% of household income.
Is Oolitic, IN a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 23 minutes; unemployment of 4%; a poverty rate of 3.1%. Minuses: median household income 18% lower than the Indiana median.
What is the median age in Oolitic?
The median age in Oolitic is 46.9 years (Indiana: 38.1).
How long is the commute in Oolitic?
The average commute to work in Oolitic is 23 minutes; 7.3% of workers work from home.
What is the unemployment rate in Oolitic?
The unemployment rate in Oolitic is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Oolitic?
26% of adults in Oolitic have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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