Olivet, MI
Population 1,633 · Michigan
About Olivet, MI
Olivet is a small town located in Michigan with a population of 1,633 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,940 per year, which is 40% below the national median of $75,149. The median age of 21.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Olivet features a median home value of $137,300, which is 44% below the national median of $244,900. This makes Olivet one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $919, 21% below the national average of $1,163/month. Of the 481 total housing units, 49% are owner-occupied (211 units) and 51% are renter-occupied (218 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Olivet shows an unemployment rate of 14.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.6%, above the national average of 12.4%. Workers in Olivet have an average one-way commute time of 19.1 minutes, one of the shorter commutes in the region.
Education & Demographics
24.7% of 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 3.3% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 5.1% of the population being foreign-born.
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.
Compare Olivet With Other Cities
Frequently Asked Questions about Olivet
What is the population of Olivet, MI?
The population of Olivet, MI is 1,633 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Olivet?
The median household income in Olivet, MI is $44,940 per year, which is 40% below the national median of $75,149.
What is the median home value in Olivet?
The median home value in Olivet, MI is $137,300, which is 44% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Olivet?
The median monthly rent in Olivet, MI is $919, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Olivet?
The unemployment rate in Olivet, MI is 14.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Olivet, MI a good place to live?
Olivet offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,633 and a median age of 21.6, the city appeals to young professionals and families.
How educated is Olivet, MI?
24.7% of residents in 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 Olivet?
Key cost-of-living indicators for Olivet, MI: median home value is $137,300 (44% below national), median rent is $919/month, and median household income is $44,940. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olivet?
The poverty rate in Olivet, MI is 16.6%, 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 Olivet, MI?
Olivet's population is 3.3% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 11.6% two or more races. 5.1% of residents are foreign-born.