Oolitic, IN
Population 1,461 · Indiana
About Oolitic, IN
Oolitic is a small town located in Indiana with a population of 1,461 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,696 per year, which is 18% below the national median of $75,149. The median age of 43.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Oolitic features a median home value of $141,700, which is 42% below the national median of $244,900. This makes Oolitic one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $681, 41% below the national average of $1,163/month. Of the 705 total housing units, 67% are owner-occupied (392 units) and 33% are renter-occupied (191 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oolitic shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oolitic have an average one-way commute time of 23.6 minutes.
Education & Demographics
27.3% of Oolitic residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Oolitic, IN
Compared to national averages, Oolitic has a median household income of $61,696 (18% below the national median of $75,149). Home values average $141,700, which is 42% below the national median. Monthly rent at $681 is 41% below the US average of $1,163. Within Indiana, Oolitic's income is 11% below the state average of $69,330, and home values are 13% below the state median of $163,409.
Why Live in Oolitic, IN?
Oolitic offers affordable housing with a median home value of $141,700, below the US average of $244,900, and rent that’s lower than the national average at $681/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a low poverty rate of 5.1%, better than the national average, and short commute times averaging just 23.6 minutes.
Potential considerations include median household income ($61,696) that falls below the national average. However, Oolitic’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oolitic has a population of 1,461 with a median age of 43.7 years. Compare Oolitic with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Oolitic
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Odon | 1,458 | $44,632 | $137,400 | Compare |
| Redkey | 1,451 | $40,667 | $78,300 | Compare |
| Montpelier | 1,444 | $42,833 | $77,100 | Compare |
| Trafalgar | 1,433 | $83,214 | $216,400 | Compare |
| Darmstadt | 1,428 | $96,458 | $293,200 | Compare |
| Fairview Park | 1,426 | $58,929 | $109,300 | Compare |
| Lake Dalecarlia | 1,421 | $115,588 | $313,200 | Compare |
| Nashville | 1,420 | $48,750 | $246,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oolitic With Other Cities
Frequently Asked Questions about Oolitic
What is the population of Oolitic, IN?
The population of Oolitic, IN is 1,461 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Oolitic?
The median household income in Oolitic, IN is $61,696 per year, which is 18% below the national median of $75,149.
What is the median home value in Oolitic?
The median home value in Oolitic, IN is $141,700, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oolitic?
The median monthly rent in Oolitic, IN is $681, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Oolitic?
The unemployment rate in Oolitic, IN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oolitic, IN a good place to live?
Oolitic offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,461 and a median age of 43.7, the city appeals to a broad range of residents.
How educated is Oolitic, IN?
27.3% of residents in Oolitic aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Oolitic?
Key cost-of-living indicators for Oolitic, IN: median home value is $141,700 (42% below national), median rent is $681/month, and median household income is $61,696. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oolitic?
The poverty rate in Oolitic, IN is 5.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oolitic, IN?
Oolitic's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.1% two or more races. 1.2% of residents are foreign-born.