Olivet, NJ
Population 1,647 · New Jersey
About Olivet, NJ
Olivet is a small town located in New Jersey with a population of 1,647 residents according to the latest US Census Bureau American Community Survey data. The median household income is $122,193 per year, which is 63% above the national median of $75,149. The median age of 35.4 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 $299,000, which is 22% above the national median of $244,900. This positions Olivet 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 514 total housing units, 98% are owner-occupied (503 units) and 2% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Olivet shows an unemployment rate of 8.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Olivet have an average one-way commute time of 26.6 minutes.
Education & Demographics
28.3% 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 0.9% White, 0.4% Hispanic or Latino, 6.3% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Olivet, NJ
Compared to national averages, Olivet has a median household income of $122,193 (63% above the national median of $75,149). Home values average $299,000, which is 22% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Olivet's income is 6% above the state average of $115,667, and home values are 36% below the state median of $469,644.
Why Live in Olivet, NJ?
Olivet offers a strong local economy with a median household income of $122,193, well above the national average, and rent that’s lower than the national average at $0/month, and a low poverty rate of 10.0%, better than the national average.
Olivet has a population of 1,647 with a median age of 35.4 years. Compare Olivet with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Olivet
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cedar Glen West | 1,654 | $66,313 | $67,400 | Compare |
| Sea Bright | 1,657 | $127,738 | $815,400 | Compare |
| Lake Como | 1,660 | $83,056 | $614,500 | Compare |
| Lebanon | 1,664 | $108,672 | $377,300 | Compare |
| Estell Manor | 1,612 | $107,417 | $288,200 | Compare |
| Malaga | 1,612 | $107,875 | $228,500 | Compare |
| Frenchtown | 1,609 | $107,969 | $368,700 | Compare |
| Island Heights | 1,691 | $107,308 | $492,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
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, NJ?
The population of Olivet, NJ is 1,647 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Olivet?
The median household income in Olivet, NJ is $122,193 per year, which is 63% above the national median of $75,149.
What is the median home value in Olivet?
The median home value in Olivet, NJ is $299,000, which is 22% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olivet?
The median monthly rent in Olivet, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Olivet?
The unemployment rate in Olivet, NJ is 8.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Olivet, NJ a good place to live?
Olivet offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,647 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Olivet, NJ?
28.3% 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, NJ: median home value is $299,000 (22% above national), median rent is $0/month, and median household income is $122,193. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olivet?
The poverty rate in Olivet, NJ is 10.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Olivet, NJ?
Olivet's population is 0.9% White, 0.4% Hispanic or Latino, 6.3% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.