Olive Hill, KY
Population 1,488 · Kentucky
About Olive Hill, KY
Olive Hill is a small town located in Kentucky with a population of 1,488 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,063 per year, which is 8% below the national median of $75,149. The median age of 53.1 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 Olive Hill features a median home value of $111,100, which is 55% below the national median of $244,900. This makes Olive Hill one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $508, 56% below the national average of $1,163/month. Of the 885 total housing units, 67% are owner-occupied (485 units) and 33% are renter-occupied (234 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Olive Hill shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.3%, above the national average of 12.4%. Workers in Olive Hill have an average one-way commute time of 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
17.8% of Olive Hill residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.2% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Olive Hill Ranks in Kentucky
Cost of Living in Olive Hill, KY
Compared to national averages, Olive Hill has a median household income of $69,063 (8% below the national median of $75,149). Home values average $111,100, which is 55% below the national median. Monthly rent at $508 is 56% below the US average of $1,163. Within Kentucky, Olive Hill's income is 4% above the state average of $66,273, and home values are 39% below the state median of $182,504.
Why Live in Olive Hill, KY?
Olive Hill offers affordable housing with a median home value of $111,100, below the US average of $244,900, and rent that’s lower than the national average at $508/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($69,063) that falls below the national average. However, Olive Hill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olive Hill has a population of 1,488 with a median age of 53.1 years. Compare Olive Hill with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Olive Hill
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stearns | 1,509 | $36,964 | $0 | Compare |
| Augusta | 1,514 | $43,854 | $100,700 | Compare |
| Vanceburg | 1,443 | $26,369 | $78,100 | Compare |
| Cannonsburg | 1,426 | $83,777 | $183,700 | Compare |
| Pewee Valley | 1,417 | $139,688 | $532,900 | Compare |
| South Shore | 1,561 | $29,000 | $85,900 | Compare |
| Taylorsville | 1,566 | $41,917 | $148,500 | Compare |
| Burkesville | 1,407 | $32,361 | $114,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Olive Hill With Other Cities
Frequently Asked Questions about Olive Hill
What is the population of Olive Hill, KY?
The population of Olive Hill, KY is 1,488 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Olive Hill?
The median household income in Olive Hill, KY is $69,063 per year, which is 8% below the national median of $75,149.
What is the median home value in Olive Hill?
The median home value in Olive Hill, KY is $111,100, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olive Hill?
The median monthly rent in Olive Hill, KY is $508, which is 56% below the national average of $1,163/month.
What is the unemployment rate in Olive Hill?
The unemployment rate in Olive Hill, KY is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Olive Hill, KY a good place to live?
Olive Hill offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,488 and a median age of 53.1, the city appeals to established professionals and retirees.
How educated is Olive Hill, KY?
17.8% of residents in Olive Hill 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 Olive Hill?
Key cost-of-living indicators for Olive Hill, KY: median home value is $111,100 (55% below national), median rent is $508/month, and median household income is $69,063. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olive Hill?
The poverty rate in Olive Hill, KY is 16.3%, 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 Olive Hill, KY?
Olive Hill's population is 3.2% White, 0.4% 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.