Olivet, IL
Population 156 · Illinois
About Olivet, IL
Olivet is a small community in Illinois with a population of 156 residents. The median household income is $0 per year, which is below the national average. The median age in Olivet is 37.5 years.
Housing in Olivet has a median home value of $129,500 and median monthly rent of $0. Of the 112 total housing units, the majority are owner-occupied, with 57 owner-occupied and 19 renter-occupied units.
The unemployment rate in Olivet is 0.0% and the poverty rate is 14.9%. 26.5% of residents hold a bachelor's degree or higher. The average commute time is 28.7 minutes.
Cost of Living in Olivet, IL
Compared to national averages, Olivet has a median household income of $0 (100% below the national median of $75,149). Home values average $129,500, which is 47% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Olivet's income is 100% below the state average of $75,072, and home values are 22% below the state median of $165,779.
Why Live in Olivet, IL?
Olivet offers affordable housing with a median home value of $129,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($0) that falls below the national average. However, Olivet’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olivet has a population of 156 with a median age of 37.5 years. Compare Olivet with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Olivet
What is the population of Olivet, IL?
The population of Olivet, IL is 156 according to the latest Census data.
What is the median household income in Olivet?
The median household income in Olivet, IL is $0 per year.
What is the median home value in Olivet?
The median home value in Olivet, IL is $129,500.
What is the average rent in Olivet?
The median monthly rent in Olivet, IL is $0.
What is the unemployment rate in Olivet?
The unemployment rate in Olivet, IL is 0.0%.