Living in Olivet, Tennessee
Cost of living, income, home prices, rent and demographics of Olivet · Census data 2020–2024
Olivet has 1,377 residents with a median age of 48.2. The median household income is $66,635 (4% lower than the Tennessee median), the median home value is $159,800, the median rent is $777/month.
Olivet is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Olivet at a glance
- Population
- 1,377
- Median age
- 48.2State: 38.9
- Median household income
- $66,635State: $69,595
- Median home value
- $159,800State: $286,700
- Median rent
- $777/moState: $1,189
- Homeowners
- 63.8%
- Bachelor's degree or higher
- 5.7%
- Average commute
- 26 min
Is Olivet a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 4% lower than the Tennessee median; an average commute of 26 minutes; a poverty rate of 21%.
The weather is best in April–May and September–October.
Cost of living in Olivet
Housing is the biggest part of the cost of living. In Olivet the median home value is $159,800, 52% lower than the U.S. median. Renters pay a median of $777 per month, which is 9% of household income. Homeowners with a mortgage pay $927 a month in housing costs.
Olivet median household income
The median household income in Olivet is $66,635 and the income per person is $37,923. 21% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Olivet: homes for sale and rent
- Housing units
- 669
- Owner-occupied
- 63.8%
- Renter-occupied
- 36.2%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.15
Olivet demographics
- Population
- 1,377
- Median age
- 48.2
- Under 18
- 7.8%
- 65 and older
- 17.9%
- Households
- 639
- Foreign-born
- 0%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Olivet ›
Education in Olivet
5.7% of adults 25 and older in Olivet have a bachelor's degree or higher (Tennessee: 31.1%), and 3.1% have a graduate or professional degree.
Jobs and commute in Olivet
- Unemployment rate
- 0%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 8.8%
- Drive alone
- 88.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.2%
Olivet vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olivet | 1,377 | $66,635 | $159,800 | $777 |
| Savannah | 7,412 | $39,712 | $160,200 | $758 |
| Crump | 1,231 | $43,750 | $151,500 | $881 |
| Adamsville | 2,278 | $51,422 | $148,600 | $740 |
| Shiloh | 130 | $46,224 | $75,600 | — |
| Counce | 276 | $54,565 | $159,200 | — |
| Saltillo | 753 | $59,063 | $122,500 | $786 |
| Walnut Grove | 403 | $26,000 | $86,800 | — |
| Stantonville | 313 | $47,222 | — | $817 |
More for people moving to Olivet
Olivet ZIP code ›Weather and climate ›Living in Olivet: FAQ
What is the median household income in Olivet, TN?
The median household income in Olivet is $66,635, 4% lower than the Tennessee median of $69,595 (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 $159,800, compared with $286,700 in Tennessee.
How much is rent in Olivet?
The median gross rent in Olivet is $777 per month, about 9% of household income.
Is Olivet, TN a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 4% lower than the Tennessee median; an average commute of 26 minutes; a poverty rate of 21%.
What is the median age in Olivet?
The median age in Olivet is 48.2 years (Tennessee: 38.9).
How long is the commute in Olivet?
The average commute to work in Olivet is 26 minutes; 8.8% of workers work from home.
What is the unemployment rate in Olivet?
The unemployment rate in Olivet is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olivet?
5.7% 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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