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Olney, Texas

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
3,015
Population
$36,250
Median Income
$95,100
Home Value
35.3
Median Age

Demographics

Olney has a population of 3,015 with a median age of 35.3. Here is the racial and ethnic breakdown of the population:

White
78.2%
Hispanic
22.5%
Asian
3.9%
Demographic Value
Total Population3,015
Median Age35.3
White78.2%
Black or African American0.4%
Asian3.9%
Hispanic or Latino22.5%
Olney, Texas — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 105.White: 74.5%Hispanic/Latino: 21.4%Asian: 3.7%Other: 0.4%3,015PopulationWhiteWhite74.5%Hispanic/LatinoHispanic/Latino21.4%AsianAsian3.7%OtherOther0.4%

Income & Economy

The median household income in Olney is $36,250, which is 55.0% below the national median of $80,610. The per capita income is $29,325. The poverty rate is 26.4%.

$36,250
Median Household Income
$29,325
Per Capita Income
26.4%
Poverty Rate

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Education

In Olney, 88.0% of residents age 25+ have a high school diploma or higher, and 13.8% hold a bachelor's degree or higher (4.4% with a graduate or professional degree).

HS Diploma+
88.0%
Bachelor's+
13.8%
Graduate+
4.4%
Education Level % of Adults (25+)
High School Diploma or Higher88.0%
Bachelor's Degree or Higher13.8%
Graduate or Professional Degree4.4%

Housing

The median home value in Olney is $95,100, below the national median of $303,400. The median monthly rent is $439. The homeownership rate is 63.1%.

$95,100
Median Home Value
$439/mo
Median Rent
63.1%
Homeownership Rate
Housing Metric Value
Median Home Value$95,100
Median Monthly Rent$439
Homeownership Rate63.1%
Vacancy Rate13.7%

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Frequently Asked Questions

What is the population of Olney, Texas?
The population of Olney, Texas is 3,015 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Olney, Texas?
The median household income in Olney, Texas is $36,250. This is 55.0% below the national median of $80,610.
What is the median home value in Olney, Texas?
The median home value in Olney, Texas is $95,100. The median monthly rent is $439.
What percentage of people in Olney have a college degree?
In Olney, Texas, 13.8% of adults age 25 and older hold a bachelor's degree or higher, and 88.0% have a high school diploma or higher.
Is Olney, Texas an affordable place to live?
The home price-to-income ratio in Olney, Texas is 2.6x (median home value $95,100 vs. median income $36,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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