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Olivet has a population of approximately 1,610 and experiences a population change rate of -8.42%. The population density is 1,578.4 / sq mi .
The median household income for Olivet is $39,293, with 403 households and an average household size of 2.27.
The median value of a home in Olivet is $191,600 with an appreciation rate of 14.90%. 42.15% of housing in the state is owned while 44.52% is rented.
The cost of living in Olivet is 87.6 %.
The unemployment rate in Olivet is 2.90%, and recent job growth is at 5.36%. Future job growth is projected at 42.01%.
The sales tax rate in Olivet is 6.00%, while the income tax rate is 4.25% .
School expenditures in Olivet are $12,789, and the school ratio is 16.8:1.
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 16.1 degrees. The average rainfall is approximately 35.7 inches per year, with 49.8 inches of snow per year.