Olney, MT
Population 124 · Montana
About Olney, MT
Olney is a small community located in Montana with a population of 124 residents according to the latest US Census Bureau American Community Survey data. The median household income is $19,875 per year, which is 74% below the national median of $75,149. The median age of 55.6 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 Olney features a median home value of $312,500, which is 28% above the national median of $244,900. This positions Olney in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 67 total housing units, 67% are owner-occupied (40 units) and 33% are renter-occupied (20 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Olney 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 16.9%, above the national average of 12.4%. Workers in Olney have an average one-way commute time of 20.4 minutes.
Education & Demographics
24.3% of Olney 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, 9.7% 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 Olney, MT
Compared to national averages, Olney has a median household income of $19,875 (74% below the national median of $75,149). Home values average $312,500, which is 28% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Olney's income is 70% below the state average of $65,821, and home values are 8% above the state median of $288,703.
Why Live in Olney, MT?
Olney offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($19,875) that falls below the national average. However, Olney’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olney has a population of 124 with a median age of 55.6 years. Compare Olney with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Olney
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rocky Boy's Agency | 124 | $59,175 | $44,600 | Compare |
| Sedan | 124 | $105,714 | $384,600 | Compare |
| Rocky Point | 127 | $0 | $602,900 | Compare |
| Bridger | 119 | $136,154 | $807,700 | Compare |
| Carter | 118 | $32,188 | $107,500 | Compare |
| Lonepine | 130 | $31,750 | $283,300 | Compare |
| Springhill | 118 | $76,304 | $814,500 | Compare |
| Tracy | 130 | $33,571 | $123,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Olney With Other Cities
Frequently Asked Questions about Olney
What is the population of Olney, MT?
The population of Olney, MT is 124 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Olney?
The median household income in Olney, MT is $19,875 per year, which is 74% below the national median of $75,149.
What is the median home value in Olney?
The median home value in Olney, MT is $312,500, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olney?
The median monthly rent in Olney, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Olney?
The unemployment rate in Olney, MT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Olney, MT a good place to live?
Olney offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 124 and a median age of 55.6, the city appeals to established professionals and retirees.
How educated is Olney, MT?
24.3% of residents in Olney 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 Olney?
Key cost-of-living indicators for Olney, MT: median home value is $312,500 (28% above national), median rent is $0/month, and median household income is $19,875. The home-value-to-income ratio is 15.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Olney?
The poverty rate in Olney, MT is 16.9%, 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 Olney, MT?
Olney's population is 0.0% White, 9.7% 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.