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Population & People
Population
1,596
Median age
21.2
Median household income
$54,722
Poverty rate
14.6%
Unemployment rate
12.8%
Bachelor's degree+
25.3%
Avg. commute
15 min
Hispanic or Latino
5.5%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$154,900
Median gross rent
$925/mo
Homeownership rate
50.21%
HUD FMR — 2 bedroom
$1,113
HUD Fair Market Rent (Michigan statewide average across 83 areas — not specific to Olivet), 2026. Efficiency $807, 1BR $891, 2BR $1113, 3BR $1419, 4BR $1588. This is a different official figure from Census median gross rent above.
Energy
Michigan commercial electricity
14.48¢/kWh
Michigan industrial electricity
8.59¢/kWh
Michigan residential electricity
20.01¢/kWh
Economy
Gross Domestic Product: All Industry Total
730067.6
Real Gross Domestic Product: All Industry Total
568865.7
All-Transactions House Price Index for Michigan
584.9
Unemployment Rate
4.9%
Source: FRED, Michigan-specific series.