Living in Olney, Texas
Cost of living, income, home prices, rent and demographics of Olney · Census data 2020–2024
Olney has 3,015 residents with a median age of 35.3. The median household income is $36,250 (54% lower than the Texas median), the median home value is $95,100, the median rent is $439/month.
Olney at a glance
- Population
- 3,015
- Median age
- 35.3State: 35.6
- Median household income
- $36,250State: $78,476
- Median home value
- $95,100State: $283,800
- Median rent
- $439/moState: $1,403
- Homeowners
- 63.1%
- Bachelor's degree or higher
- 13.8%
- Average commute
- 13 min
Is Olney a good place to live?
Pros: Home values 66% lower than the state median; an average commute of 13 minutes; unemployment of 2.4%.
Cons: Median household income 54% lower than the Texas median; a poverty rate of 26.4%.
The weather is best in March to May and October.
Cost of living in Olney
Housing is the biggest part of the cost of living. In Olney the median home value is $95,100, 71% lower than the U.S. median. Renters pay a median of $439 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,371 a month in housing costs.
Olney median household income
The median household income in Olney is $36,250 and the income per person is $29,325. 26.4% of residents live below the poverty line (Texas: 13.8%).
Housing in Olney: homes for sale and rent
- Housing units
- 1,509
- Owner-occupied
- 63.1%
- Renter-occupied
- 36.9%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.26
Olney demographics
- Population
- 3,015
- Median age
- 35.3
- Under 18
- 25.6%
- 65 and older
- 15.7%
- Households
- 1,302
- Foreign-born
- 7.3%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Olney ›
Education in Olney
13.8% of adults 25 and older in Olney have a bachelor's degree or higher (Texas: 33.8%), and 4.4% have a graduate or professional degree.
Jobs and commute in Olney
- Unemployment rate
- 2.4%State: 5.3%
- Average commute
- 13 minState: 27 min
- Work from home
- 3.4%
- Drive alone
- 70.6%
- Public transit
- 1.4%
- Walk to work
- 5.9%
- Homes with broadband
- 87.9%
Olney vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olney | 3,015 | $36,250 | $95,100 | $439 |
| Megargel | 256 | $97,566 | — | — |
| Newcastle | 716 | $58,333 | $49,400 | $586 |
| Archer City | 1,233 | $52,500 | $138,900 | $531 |
| Graham | 8,792 | $63,587 | $183,800 | $967 |
| Windthorst | 537 | $65,179 | $206,300 | $1,031 |
| Bryson | 659 | $75,779 | $58,400 | $1,098 |
| Scotland | 629 | $70,521 | $141,500 | $986 |
| Throckmorton | 649 | $45,139 | $70,700 | $1,022 |
More for people moving to Olney
Olney ZIP code ›Weather and climate ›Living in Olney: FAQ
What is the median household income in Olney, TX?
The median household income in Olney is $36,250, 54% lower than the Texas median of $78,476 (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 $95,100, compared with $283,800 in Texas.
How much is rent in Olney?
The median gross rent in Olney is $439 per month, about 26.3% of household income.
Is Olney, TX a good place to live?
Pluses: home values 66% lower than the state median; an average commute of 13 minutes; unemployment of 2.4%. Minuses: median household income 54% lower than the Texas median; a poverty rate of 26.4%.
What is the median age in Olney?
The median age in Olney is 35.3 years (Texas: 35.6).
How long is the commute in Olney?
The average commute to work in Olney is 13 minutes; 3.4% of workers work from home.
What is the unemployment rate in Olney?
The unemployment rate in Olney is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olney?
13.8% 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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