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ZipNumbers

Michigan · Census place 60580

Olivet city, MI

Quick answer

Olivet city has 1,633 residents, ranking #348 of 745 places in Michigan. Median household income is $44,940, the median home is worth $137,300 and median gross rent runs $919 a month.

Population
1,633Olivet city residents
Median household income
$44,940Past 12 months, inflation adjusted
Median home value
$137,300Owner-occupied units
Median gross rent
$919Rent plus utilities, monthly
Median age
21.6 yrsAll residents
Homeownership rate
49.2%Owner-occupied households

What the numbers mean in Olivet city

Housing cost measured against local earnings.

A household earning the Olivet city median would spend about 24.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.6% of residents and 49.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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