Olustee, OK
Population 634 · Oklahoma
About Olustee, OK
Olustee is a small community located in Oklahoma with a population of 634 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,776 per year, which is 19% below the national median of $75,149. The median age of 42.1 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 Olustee features a median home value of $104,700, which is 57% below the national median of $244,900. This makes Olustee one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $578, 50% below the national average of $1,163/month. Of the 340 total housing units, 46% are owner-occupied (126 units) and 54% are renter-occupied (149 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 Olustee shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.0%, above the national average of 12.4%. Workers in Olustee have an average one-way commute time of 20.4 minutes.
Education & Demographics
7.7% of Olustee 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 35.5% White, 6.2% Hispanic or Latino, 0.0% Black or African American, and 12.5% Asian residents, with 6.5% of the population being foreign-born.
Cost of Living in Olustee, OK
Compared to national averages, Olustee has a median household income of $60,776 (19% below the national median of $75,149). Home values average $104,700, which is 57% below the national median. Monthly rent at $578 is 50% below the US average of $1,163. Within Oklahoma, Olustee's income is 8% above the state average of $56,382, and home values are 13% below the state median of $119,992.
Why Live in Olustee, OK?
Olustee offers affordable housing with a median home value of $104,700, below the US average of $244,900, and rent that’s lower than the national average at $578/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($60,776) that falls below the national average. However, Olustee’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olustee has a population of 634 with a median age of 42.1 years. Compare Olustee with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Olustee
What is the population of Olustee, OK?
The population of Olustee, OK is 634 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Olustee?
The median household income in Olustee, OK is $60,776 per year, which is 19% below the national median of $75,149.
What is the median home value in Olustee?
The median home value in Olustee, OK is $104,700, which is 57% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Olustee?
The median monthly rent in Olustee, OK is $578, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Olustee?
The unemployment rate in Olustee, OK is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Olustee, OK a good place to live?
Olustee offers a moderate cost of living, affordable housing, and a strong job market. With a population of 634 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Olustee, OK?
7.7% of residents in Olustee 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 Olustee?
Key cost-of-living indicators for Olustee, OK: median home value is $104,700 (57% below national), median rent is $578/month, and median household income is $60,776. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olustee?
The poverty rate in Olustee, OK is 16.0%, 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 Olustee, OK?
Olustee's population is 35.5% White, 6.2% Hispanic or Latino, 0.0% Black or African American, 12.5% Asian, and 0.2% two or more races. 6.5% of residents are foreign-born.