Living in Olney, Montana
Cost of living, income, home prices, rent and demographics of Olney · Census data 2020–2024
Olney has 158 residents with a median age of 66.5. The median household income is $57,989 (20% lower than the Montana median), the median home value is $430,400, the median rent is $731/month.
Olney is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Olney at a glance
- Population
- 158
- Median age
- 66.5State: 40.4
- Median household income
- $57,989State: $72,509
- Median home value
- $430,400State: $375,800
- Median rent
- $731/moState: $1,081
- Homeowners
- 79.5%
- Bachelor's degree or higher
- 27%
- Average commute
- 26 min
Is Olney a good place to live?
Pros: A poverty rate of 3.2%.
Cons: Median household income 20% lower than the Montana median; home values 15% higher than the state median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Olney
Housing is the biggest part of the cost of living. In Olney the median home value is $430,400, 29% higher than the U.S. median. Renters pay a median of $731 per month, which is 9% of household income. Homeowners with a mortgage pay $1,138 a month in housing costs.
Olney median household income
The median household income in Olney is $57,989 and the income per person is $26,663. 3.2% of residents live below the poverty line (Montana: 11.5%).
Housing in Olney: homes for sale and rent
- Housing units
- 73
- Owner-occupied
- 79.5%
- Renter-occupied
- 20.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.16
Olney demographics
- Population
- 158
- Median age
- 66.5
- Under 18
- 2.5%
- 65 and older
- 53.8%
- Households
- 73
- Foreign-born
- 0%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Olney ›
Education in Olney
27% of adults 25 and older in Olney have a bachelor's degree or higher (Montana: 35.2%), and 17.1% have a graduate or professional degree.
Jobs and commute in Olney
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 26 minState: 19 min
- Work from home
- 0%
- Drive alone
- 86.8%
- Public transit
- 0%
- Walk to work
- 7.9%
- Homes with broadband
- 83.6%
Olney vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olney | 158 | $57,989 | $430,400 | $731 |
| Whitefish | 8,749 | $73,811 | $684,300 | $1,354 |
| Trego | 692 | $108,750 | $328,800 | $936 |
| Rhodes | 110 | $61,583 | — | — |
| Fortine | 351 | $66,402 | $325,900 | — |
| Columbia Falls | 5,615 | $75,766 | $384,400 | $1,016 |
| Helena Flats | 857 | $93,625 | $582,400 | — |
| Coram | 452 | $63,388 | $243,200 | — |
| Kalispell | 28,504 | $63,415 | $428,000 | $1,078 |
More for people moving to Olney
Olney ZIP code ›Weather and climate ›Living in Olney: FAQ
What is the median household income in Olney, MT?
The median household income in Olney is $57,989, 20% lower than the Montana median of $72,509 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Olney?
The median home value in Olney is $430,400, compared with $375,800 in Montana.
How much is rent in Olney?
The median gross rent in Olney is $731 per month, about 9% of household income.
Is Olney, MT a good place to live?
Pluses: a poverty rate of 3.2%. Minuses: median household income 20% lower than the Montana median; home values 15% higher than the state median; an average commute of 26 minutes.
What is the median age in Olney?
The median age in Olney is 66.5 years (Montana: 40.4).
How long is the commute in Olney?
The average commute to work in Olney is 26 minutes; 0% of workers work from home.
What is the unemployment rate in Olney?
The unemployment rate in Olney is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olney?
27% of adults in Olney 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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