Mount Olivet, KY

Census Place

2024 Population

170

US Senator

Mitch McConnell

Republican Party

US Senator

Rand Paul

Republican Party

2024 Median Age

49.5

2.94% 1-year decrease

2024 Poverty Rate

31.8%

8.82% 1-year decrease

2023 Median Household Income

$26,786

12.2% 1-year growth

2024 Median Property Value

$65,000

9.85% 1-year decline

Economy

The economy of Mount Olivet, KY employs 49 people. In 2024, the largest industries in Mount Olivet, KY were Educational Services (16 people), Manufacturing (10 people), and Information (10 people), and the highest paying industries were Manufacturing ($51,250), Educational Services, & Health Care & Social Assistance ($38,125), and Educational Services ($21,875).

Employment

Occupations

2024 Value

± 82

2.08%

1 Year growth

± 238%

From 2023 to 2024, employment in Mount Olivet, KY grew at a rate of 2.08%, from 48 employees to 49 employees.

The most common job groups, by number of people living in Mount Olivet, KY, are Health Diagnosing & Treating Practitioners & Other Technical Occupations (10 people), Management Occupations (8 people), and Office & Administrative Support Occupations (6 people). This chart illustrates the share breakdown of the primary jobs held by residents of Mount Olivet, KY.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Kentucky.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2024 Value

± 82

2.08%

1 Year growth

± 238%

From 2023 to 2024, employment in Mount Olivet, KY grew at a rate of 2.08%, from 48 employees to 49 employees.

The most common employment sectors for those who live in Mount Olivet, KY, are Educational Services (16 people), Manufacturing (10 people), and Information (10 people). This chart shows the share breakdown of the primary industries for residents of Mount Olivet, KY, though some of these residents may live in Mount Olivet, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$108,750

Median earning men ± $115,007

$39,750

Median earning women ± $25,040

The industries with the best median earnings for men in 2024 are Manufacturing ($71,875).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($21,250).

Housing & Living

The median property value in Mount Olivet, KY was $65,000 in 2024, which is 0.195 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $72,100 to $65,000, a 9.85% decrease. The homeownership rate in Mount Olivet, KY is 62.4%, which is lower than the national average of 65.2%.

People in Mount Olivet, KY have an average commute time of 30.9 minutes, and they drove alone to work. Car ownership in Mount Olivet, KY is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$65,000

Median Property Value 2024

±$25,006

$58

Median Property Taxes

±$39

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Mount Olivet, KY the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Mount Olivet, KY compared to it's parent and neighbor geographies.

Rent vs Own

62.4%

Homeownership

2024

64.1%

Homeowners with Mortgage

2024

In 2024, 62.4% of the housing units in Mount Olivet, KY were occupied by their owner. This percentage declined from the previous year's rate of 71.6%.

This chart shows the percentage of owner in Mount Olivet, KY compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$26,786

Median Household Income

± $18,056

Number of Households

± 37

In 2023, the median household income of the 93 households in Mount Olivet, KY grew to $26,786 from the previous year's value of $23,875.

The following chart displays the households in Mount Olivet, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the < $10k range.

Wage Distribution

The closest comparable wage GINI for Mount Olivet, KY is from Kentucky.

0.446

2024 Wage GINI in Kentucky

0.449

2023 Wage GINI in Kentucky

In 2024, the income inequality in Kentucky was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.585% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (69.4%)
Carpooled (28.6%)
Worked At Home (2.04%)

In 2024, 69.4% of workers in Mount Olivet, KY drove alone to work, followed by those who carpooled to work (28.6%) and those who worked at home (2.04%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

30.9 minutes

Average Travel Time

Using averages, employees in Mount Olivet, KY have a longer commute time (30.9 minutes) than the normal US worker (26.4 minutes). Additionally, 12.5% of the workforce in Mount Olivet, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Mount Olivet, KY compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Mount Olivet, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Mount Olivet, KY have 2 cars.

Poverty

Poverty & Diversity

31.8% of the population for whom poverty status is determined in Mount Olivet, KY (54 out of 170 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 55 - 64, followed by Males 45 - 54 and then Males 25 - 34.

The most common racial or ethnic group living below the poverty line in Mount Olivet, KY is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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