Olean, MO

Census Place

2024 Population

168

US Senator

Josh Hawley

Republican Party

US Senator

Eric Schmitt

Republican Party

2024 Median Age

26.9

1.13% 1-year increase

2024 Poverty Rate

5.95%

57.7% 1-year increase

2022 Median Household Income

$67,708

18.5% 1-year growth

2023 Median Property Value

Economy

The economy of Olean, MO employs 76 people. In 2024, the largest industries in Olean, MO were Health Care & Social Assistance (27 people), Manufacturing (21 people), and Educational Services (8 people), and the highest paying industries were Manufacturing ($82,981) and Educational Services, & Health Care & Social Assistance ($48,380).

Employment

Occupations

2024 Value

± 91

−41.1%

1 Year decline

± 245%

From 2023 to 2024, employment in Olean, MO declined at a rate of −41.1%, from 129 employees to 76 employees.

The most common job groups, by number of people living in Olean, MO, are Healthcare Support Occupations (28 people), Production Occupations (15 people), and Education Instruction, & Library Occupations (8 people). This chart illustrates the share breakdown of the primary jobs held by residents of Olean, MO.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Missouri (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

± 91

−41.1%

1 Year decline

± 245%

From 2023 to 2024, employment in Olean, MO declined at a rate of −41.1%, from 129 employees to 76 employees.

The most common employment sectors for those who live in Olean, MO, are Health Care & Social Assistance (27 people), Manufacturing (21 people), and Educational Services (8 people). This chart shows the share breakdown of the primary industries for residents of Olean, MO, though some of these residents may live in Olean, MO and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$66,250

Median earning men ± $54,685

$48,548

Median earning women ± $4,592

The industries with the best median earnings for men in 2024 are Manufacturing ($83,173).

The industries with the best median earnings for women in 2024 are .

Housing & Living

The median property value in Olean, MO was $101,800 in 2023, which is 0.306 times smaller than the national average of $332,700. Between 2022 and 2023 the median property value increased from $75,800 to $101,800, a 34.3% increase. The homeownership rate in Olean, MO is 96.3%, which is higher than the national average of 65.2%.

People in Olean, MO have an average commute time of 30 minutes, and they drove alone to work. Car ownership in Olean, MO is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$101,800

Median Property Value 2023

±$70,153

$52

Median Property Taxes

±$45

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 Olean, MO the largest share of households pay taxes in the < $800 range.

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

Rent vs Own

96.3%

Homeownership

2024

43.5%

Homeowners with Mortgage

2024

In 2024, 96.3% of the housing units in Olean, MO were occupied by their owner. This percentage grew from the previous year's rate of 91.2%.

This chart shows the percentage of owner in Olean, MO 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.

$67,708

Median Household Income

± $48,723

Number of Households

± 43

In 2022, the median household income of the 54 households in Olean, MO grew to $67,708 from the previous year's value of $57,143.

The following chart displays the households in Olean, MO 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 $125k - $150k range.

Wage Distribution

The closest comparable wage GINI for Olean, MO is from Missouri.

0.45

2024 Wage GINI in Missouri

0.451

2023 Wage GINI in Missouri

In 2024, the income inequality in Missouri was 0.45 according to the GINI calculation of the wage distribution. Income inequality had a 0.34% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Missouri was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Missouri in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (86.8%)
Carpooled (13.2%)

In 2024, 86.8% of workers in Olean, MO drove alone to work, followed by those who carpooled to work (13.2%) and those who used public transit to get to work (0%).

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 minutes

Average Travel Time

Using averages, employees in Olean, MO have a longer commute time (30 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Olean, MO have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

5.95% of the population for whom poverty status is determined in Olean, MO (10 out of 168 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 65 - 74, followed by Males 45 - 54 and then Females 75+.

The most common racial or ethnic group living below the poverty line in Olean, MO 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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