Mount Olivet, KY
Population 155 · Kentucky
About Mount Olivet, KY
Mount Olivet is a small community located in Kentucky with a population of 155 residents according to the latest US Census Bureau American Community Survey data. The median household income is $26,786 per year, which is 64% below the national median of $75,149. The median age of 51 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 Mount Olivet features a median home value of $72,100, which is 71% below the national median of $244,900. This makes Mount Olivet one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $605, 48% below the national average of $1,163/month. Of the 131 total housing units, 72% are owner-occupied (63 units) and 28% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mount Olivet shows an unemployment rate of 9.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 34.8%, above the national average of 12.4%. Workers in Mount Olivet have an average one-way commute time of 30.9 minutes.
Education & Demographics
24.2% of Mount Olivet 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Mount Olivet Ranks in Kentucky
Cost of Living in Mount Olivet, KY
Compared to national averages, Mount Olivet has a median household income of $26,786 (64% below the national median of $75,149). Home values average $72,100, which is 71% below the national median. Monthly rent at $605 is 48% below the US average of $1,163. Within Kentucky, Mount Olivet's income is 60% below the state average of $66,273, and home values are 60% below the state median of $182,504.
Why Live in Mount Olivet, KY?
Mount Olivet offers affordable housing with a median home value of $72,100, below the US average of $244,900, and rent that’s lower than the national average at $605/month.
Potential considerations include median household income ($26,786) that falls below the national average. However, Mount Olivet’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mount Olivet has a population of 155 with a median age of 51 years. Compare Mount Olivet with other cities to see how it stacks up, or explore all cities in Kentucky.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Mount Olivet
What is the population of Mount Olivet, KY?
The population of Mount Olivet, KY is 155 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Mount Olivet?
The median household income in Mount Olivet, KY is $26,786 per year, which is 64% below the national median of $75,149.
What is the median home value in Mount Olivet?
The median home value in Mount Olivet, KY is $72,100, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mount Olivet?
The median monthly rent in Mount Olivet, KY is $605, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Mount Olivet?
The unemployment rate in Mount Olivet, KY is 9.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mount Olivet, KY a good place to live?
Mount Olivet offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 155 and a median age of 51, the city appeals to established professionals and retirees.
How educated is Mount Olivet, KY?
24.2% of residents in Mount Olivet 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 Mount Olivet?
Key cost-of-living indicators for Mount Olivet, KY: median home value is $72,100 (71% below national), median rent is $605/month, and median household income is $26,786. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mount Olivet?
The poverty rate in Mount Olivet, KY is 34.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Mount Olivet, KY?
Mount Olivet's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.