Olivet, MI
Population 1,633 · Michigan
About Olivet, MI
Olivet is a small community in Michigan with a population of 1,633 residents. The median household income is $44,940 per year, which is below the national average. The median age in Olivet is 21.6 years.
Housing in Olivet has a median home value of $137,300 and median monthly rent of $919. Of the 481 total housing units, renting is more common than owning, with 211 owner-occupied and 218 renter-occupied units.
The unemployment rate in Olivet is 14.1% and the poverty rate is 16.6%. 24.7% of residents hold a bachelor's degree or higher. The average commute time is 19.1 minutes.
Cost of Living in Olivet, MI
Compared to national averages, Olivet has a median household income of $44,940 (40% below the national median of $75,149). Home values average $137,300, which is 44% below the national median. Monthly rent at $919 is 21% below the US average of $1,163. Within Michigan, Olivet's income is 32% below the state average of $66,017, and home values are 25% below the state median of $183,391.
Why Live in Olivet, MI?
Olivet offers affordable housing with a median home value of $137,300, below the US average of $244,900, and rent that’s lower than the national average at $919/month, and short commute times averaging just 19.1 minutes.
Potential considerations include median household income ($44,940) 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 1,633 with a median age of 21.6 years. Compare Olivet with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Olivet
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| White Pigeon | 1,637 | $44,063 | $143,100 | Compare |
| Grayling | 1,638 | $31,719 | $131,800 | Compare |
| Laingsburg | 1,640 | $75,547 | $202,600 | Compare |
| Morrice | 1,647 | $63,611 | $114,900 | Compare |
| Standish | 1,616 | $35,114 | $86,000 | Compare |
| Bingham Farms | 1,652 | $218,750 | $570,900 | Compare |
| Tawas City | 1,654 | $46,797 | $124,000 | Compare |
| Sylvan Lake | 1,672 | $106,806 | $356,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Olivet, MI is 1,633 according to the latest Census data.
What is the median household income in Olivet?
The median household income in Olivet, MI is $44,940 per year.
What is the median home value in Olivet?
The median home value in Olivet, MI is $137,300.
What is the average rent in Olivet?
The median monthly rent in Olivet, MI is $919.
What is the unemployment rate in Olivet?
The unemployment rate in Olivet, MI is 14.1%.