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Olivet, Tennessee

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,377
Population
$66,635
Median Income
$159,800
Home Value
48.2
Median Age

Demographics

Olivet has a population of 1,377 with a median age of 48.2. Here is the racial and ethnic breakdown of the population:

White
100.0%
Demographic Value
Total Population1,377
Median Age48.2
White100.0%
Olivet, Tennessee — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.White: 100.0%1,377PopulationWhiteWhite100.0%

Income & Economy

The median household income in Olivet is $66,635, which is 17.3% below the national median of $80,610. The per capita income is $37,923. The poverty rate is 21.0%.

$66,635
Median Household Income
$37,923
Per Capita Income
21.0%
Poverty Rate

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Education

In Olivet, 87.8% of residents age 25+ have a high school diploma or higher, and 5.7% hold a bachelor's degree or higher (3.1% with a graduate or professional degree).

HS Diploma+
87.8%
Bachelor's+
5.7%
Graduate+
3.1%
Education Level % of Adults (25+)
High School Diploma or Higher87.8%
Bachelor's Degree or Higher5.7%
Graduate or Professional Degree3.1%

Housing

The median home value in Olivet is $159,800, below the national median of $303,400. The median monthly rent is $777. The homeownership rate is 63.8%.

$159,800
Median Home Value
$777/mo
Median Rent
63.8%
Homeownership Rate
Housing Metric Value
Median Home Value$159,800
Median Monthly Rent$777
Homeownership Rate63.8%
Vacancy Rate4.5%

Salaries in Tennessee

Explore salary data for popular occupations in Tennessee:

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Olivet, Tennessee?
The population of Olivet, Tennessee is 1,377 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Olivet, Tennessee?
The median household income in Olivet, Tennessee is $66,635. This is 17.3% below the national median of $80,610.
What is the median home value in Olivet, Tennessee?
The median home value in Olivet, Tennessee is $159,800. The median monthly rent is $777.
What percentage of people in Olivet have a college degree?
In Olivet, Tennessee, 5.7% of adults age 25 and older hold a bachelor's degree or higher, and 87.8% have a high school diploma or higher.
Is Olivet, Tennessee an affordable place to live?
The home price-to-income ratio in Olivet, Tennessee is 2.4x (median home value $159,800 vs. median income $66,635), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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