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Olivet, MI
Considering Olivet, MI for your next move? With a close-knit population of 1,700 and a median home price around $142,000, Olivet offers affordable living and short commutes averaging 21 minutes. The city boasts a youthful energy thanks to Olivet College, and residents enjoy quiet neighborhoods and access to local schools. Crime rates are low, and the cost of living sits well below the national average, making Olivet a budget-friendly option for families and students alike. Enjoy Michigan’s four-season climate and a friendly, small-town feel!
Olivet, MI is a small and youthful community of around 1,700 residents, with a median age of just 22.5 years, largely influenced by the presence of Olivet College. The city is predominantly White, with modest diversity and a slightly higher female population. Its compact size and density create a close-knit, welcoming atmosphere for newcomers.
The cost of living in Olivet is attractively low, with a cost of living index of 84.1 and median home values at $142,000, making it more affordable than many other Michigan cities. Monthly rents average about $760, and utility and transportation costs remain below national averages, providing budget-friendly options for both renters and homeowners. State income tax rates are flat at 4.25%, further supporting affordable living.
Olivet experiences relatively low crime, with a violent crime rate of 193 incidents per 100,000 residents and a property crime rate of 1,265 per 100,000, offering residents peace of mind. The chance of being a victim of violent crime is just 1 in 518, much lower than in many urban areas. This safe environment makes Olivet a good choice for families and students.
Residents of Olivet enjoy all four seasons, with cold winters averaging lows of 17°F, warm summers peaking at 82°F, and about 34 inches of annual rainfall. There are 48% sunny days each year, providing a pleasant mix of weather throughout the seasons. The climate supports a variety of outdoor activities and a true Midwestern experience.
Olivet’s residents have a median household income of $53,850 and a family income of $65,000, with a poverty rate of 18.2%. The community is well-educated, with over 92% holding a high school diploma or higher, and average commute times are a manageable 21 minutes. The area is characterized by a small-town feel and a strong sense of community.
Olivet offers quality education through its local public schools, including Fern Persons Elementary, Olivet Middle School, and Olivet High School, all with favorable student-teacher ratios. The city is also home to Olivet College, a private institution with about 1,000 students, providing higher education opportunities right in town. Nearby Albion College expands post-secondary choices within easy reach.
Olivet residents have convenient access to major hospitals like Sparrow Eaton and Oaklawn Hospital, both offering emergency services within a short drive. The area maintains a high health insurance coverage rate at 91.1% and a solid healthcare index of 74.0, with nearly two physicians per 1,000 people. This ensures reliable healthcare options for families and individuals.
The local housing market in Olivet is affordable, with median home prices at $142,000 and average rent for a two-bedroom apartment at $760. A majority of residents own their homes, and the market has seen a healthy 6.2% appreciation rate over the past year. Rental vacancies are moderate, offering options for both buyers and renters.
For DMV services, Olivet residents are served by the Michigan Secretary of State office located in nearby Lansing. Essential vehicle registration, licensing, and title services are easily accessible, and more information can be found on the official state website. The office provides convenient support for all standard motor vehicle needs.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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