Olean, MO
Population 265 · Missouri
About Olean, MO
Olean is a small community located in Missouri with a population of 265 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 26.6 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 Olean features a median home value of $101,800, which is 58% below the national median of $244,900. This makes Olean one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 82 total housing units, 91% are owner-occupied (62 units) and 9% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Olean shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Olean have an average one-way commute time of 31.7 minutes.
Education & Demographics
8.3% of Olean 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 0.0% 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.
Cost of Living in Olean, MO
Compared to national averages, Olean has a median household income of $0 (100% below the national median of $75,149). Home values average $101,800, which is 58% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Missouri, Olean's income is 100% below the state average of $61,047, and home values are 32% below the state median of $150,786.
Why Live in Olean, MO?
Olean offers affordable housing with a median home value of $101,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 3.8%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average. However, Olean’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olean has a population of 265 with a median age of 26.6 years. Compare Olean with other cities to see how it stacks up, or explore all cities in Missouri.
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Demographics
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Economy & Education
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Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Olean
What is the population of Olean, MO?
The population of Olean, MO is 265 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Olean?
The median household income in Olean, MO is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Olean?
The median home value in Olean, MO is $101,800, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olean?
The median monthly rent in Olean, MO is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Olean?
The unemployment rate in Olean, MO is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Olean, MO a good place to live?
Olean offers a moderate cost of living, affordable housing, and a strong job market. With a population of 265 and a median age of 26.6, the city appeals to young professionals and families.
How educated is Olean, MO?
8.3% of residents in Olean 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 Olean?
Key cost-of-living indicators for Olean, MO: median home value is $101,800 (58% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Olean?
The poverty rate in Olean, MO is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Olean, MO?
Olean's population is 0.0% 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.