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The total population of Olivet is estimated to be 1,596 with 921 males (57.71%) and 675 females (42.29%). There are 246 less females than males in Olivet.
The median household income in Olivet was $42,472 in 2021, which marked an a decrease of 224(0.52%) from $42,696 in 2020. This income is 56.93% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Olivet sees its highest median household income among householders in the age group of 65 years and over old, at $50,533. Overall, the median household income for the city of Olivet stands at $42,472.
In Olivet, the median income for all workers aged 15 years and older, regardless of work hours, was $16,049 for males and $11,849 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $31,527 for males and $38,324 for females.
In Olivet, population is primarily represented by White households, reporting a median income of $42,356.
In 2022, the population of Olivet was 1,484, a 8.56% increase year-by-year from 2021. Previously, in 2021, Olivet's population was 1,367, a decline of 9.89% compared to a population of 1,517 in 2020.
The median age in Olivet, MI is 20.8, as per 2021 ACS 5-Year Estimates. Of the total population, 10.06% were under the age of 15, 60.00% aged 15 to 29, 24.53% aged 30 to 64, 4.97% aged 65 to 84, and 0.43% were 85 years of age and older.
Racial distribution of Olivet population: 82.48% are White, 14.84% are Black or African American, 0.50% are Asian, 0.50% are some other race and 1.68% are multiracial.