Living in Olivet, Michigan
Cost of living, income, home prices, rent and demographics of Olivet · Census data 2020–2024
Olivet has 1,844 residents with a median age of 21.2. The median household income is $54,722 (25% lower than the Michigan median), the median home value is $154,900, the median rent is $925/month.
Olivet at a glance
- Population
- 1,844
- Median age
- 21.2State: 40.2
- Median household income
- $54,722State: $72,875
- Median home value
- $154,900State: $231,600
- Median rent
- $925/moState: $1,129
- Homeowners
- 50.2%
- Bachelor's degree or higher
- 25.3%
- Average commute
- 18 min
Is Olivet a good place to live?
Pros: Home values 33% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 25% lower than the Michigan median; unemployment of 12.8%; a poverty rate of 14.6%.
The weather is best in June to September.
Cost of living in Olivet
Housing is the biggest part of the cost of living. In Olivet the median home value is $154,900, 53% lower than the U.S. median. Renters pay a median of $925 per month, which is 26.4% of household income. Homeowners with a mortgage pay $1,162 a month in housing costs.
Olivet median household income
The median household income in Olivet is $54,722 and the income per person is $21,096. 14.6% of residents live below the poverty line (Michigan: 13.2%).
Housing in Olivet: homes for sale and rent
- Housing units
- 510
- Owner-occupied
- 50.2%
- Renter-occupied
- 49.8%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.39
Olivet demographics
- Population
- 1,844
- Median age
- 21.2
- Under 18
- 12.1%
- 65 and older
- 6.4%
- Households
- 468
- Foreign-born
- 3.5%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Olivet ›
Education in Olivet
25.3% of adults 25 and older in Olivet have a bachelor's degree or higher (Michigan: 32.4%), and 6.3% have a graduate or professional degree.
Jobs and commute in Olivet
- Unemployment rate
- 12.8%State: 5.7%
- Average commute
- 18 minState: 24 min
- Work from home
- 13.4%
- Drive alone
- 58.1%
- Public transit
- 0%
- Walk to work
- 14.6%
- Homes with broadband
- 88.9%
Olivet vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olivet | 1,844 | $54,722 | $154,900 | $925 |
| Bellevue | 1,552 | $63,750 | $118,100 | $991 |
| Charlotte | 9,277 | $62,681 | $153,900 | $887 |
| Marshall | 6,804 | $76,050 | $173,500 | $1,088 |
| Springport | 871 | $46,417 | $99,200 | $926 |
| Brownlee Park | 1,661 | $31,969 | $83,700 | $591 |
| Vermontville | 790 | $53,750 | $138,500 | $907 |
| Nashville | 1,503 | $56,143 | $130,900 | $780 |
| Eaton Rapids | 5,183 | $63,875 | $155,800 | $972 |
More for people moving to Olivet
Olivet ZIP code ›Weather and climate ›Living in Olivet: FAQ
What is the median household income in Olivet, MI?
The median household income in Olivet is $54,722, 25% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Olivet?
The median home value in Olivet is $154,900, compared with $231,600 in Michigan.
How much is rent in Olivet?
The median gross rent in Olivet is $925 per month, about 26.4% of household income.
Is Olivet, MI a good place to live?
Pluses: home values 33% lower than the state median; an average commute of 18 minutes. Minuses: median household income 25% lower than the Michigan median; unemployment of 12.8%; a poverty rate of 14.6%.
What is the median age in Olivet?
The median age in Olivet is 21.2 years (Michigan: 40.2).
How long is the commute in Olivet?
The average commute to work in Olivet is 18 minutes; 13.4% of workers work from home.
What is the unemployment rate in Olivet?
The unemployment rate in Olivet is 12.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olivet?
25.3% of adults in Olivet 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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