Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Ratings
AreaVibes collected feedback from local residents in the area through surveys and polls, and the results did not show a favorable view of things like local amenities and the safety of the area.
Located in the state of Texas, Olney is a small city with a population of 3,098 people. According to the most recent Census, 92% of Olney residents are White, 1% Asian and 1% American Indian and Alaskan. Additionally, more than a quarter of the population of Olney are of Hispanic or Latino origin, and 16% of the population also speak Spanish. If you're not a fan of traffic congestion and long commute times to work, Olney is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 13 minutes, significantly lower than the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the area before actually living in Olney, Texas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Olney and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, commute, health & safety, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
The livability score in Olney is 65/100 and the city is ranked in the 60th percentile of all cities across America. Based on the grades for each individual category, Olney has been rewarded with high marks for education (B-) and housing (A+). There is at least one category that does not have great scores in Olney. The following was graded with a disappointing score: amenities (F) and employment (F).
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Olney is 21.98% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Olney a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Olney market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Olney is actually affordable. Median real estate prices in Olney come in at $67,400, which is 52.8% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Olney, the home price to income ratio is 2, which is 23.1% lower than the Texas average.
| Statistic | Olney | Texas | National |
| Average one way commute | 13min | 26min | 26min |
| Workers who drive to work | 83.3% | 80.3% | 76.4% |
| Workers who carpool | 9.5% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 3.9% | 1.6% | 2.8% |
| Working from home | 2.2% | 4.3% | 4.6% |
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