The City of Olney had a population of 3,043 as of July 1, 2019. Olney ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.
The primary coordinate point for Olney is located at latitude 33.3707 and longitude -98.7528 in Young County. The formal boundaries for the City of Olney encompass a land area of 2.02 sq. miles and a water area of 0.01 sq. miles. Young County is in the Central time zone (GMT -6). The elevation is 1,184 feet.
The City of Olney (GNIS ID: 2411316) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Olney is located within Olney Division of Young County.
HOUSING AFFORDABILITY INDEX
|Olney, TX Housing Affordability Index is 331
State of Texas Housing Affordability Index is 132
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Olney, TX Wealth Index is 42
State of Texas Wealth Index is 94
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Texas address.
|Population in Households||2,986|
|Population in Familes||2,429|
|Population in Group Qrtrs||57|
|Median Household Income||$38,054|
|Average Household Income||$49,728|
|Per Capita Income||$20,002|
|Total Housing Units||1,545 (100%)|
|Owner Occupied HU||892 (57.7%)|
|Renter Occupied HU||331 (21.4%)|
|Vacant Housing Units||322 (20.8%)|
|Median Home Value||$53,500|
|Housing Affordability Index2||331|
|Average Household Size||2.44|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.95%|
|Per Capita Income||2.81%|
The table below compares Olney to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 577||67th|
|Population Density||# 443||75th|
|Diversity Index||# 791||55th|
|Median Household Income||# 1353||23rd|
|Per Capita Income||# 1246||29th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Texas Census Data Comparison Tool.