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The total population of Olney is estimated to be 3,016 with 1,537 males (50.96%) and 1,479 females (49.04%). There are 58 less females than males in Olney.
The median household income in Olney was $39,859 in 2021, which marked an an increase of 1,339(3.48%) from $38,520 in 2020. This income is 53.43% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Olney sees its highest median household income among householders in the age group of 45 to 64 years old, at $56,495. Overall, the median household income for the city of Olney stands at $39,859.
In Olney, the median income for all workers aged 15 years and older, regardless of work hours, was $46,132 for males and $22,230 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,047 for males and $46,314 for females.
In Olney, population is primarily represented by White households, reporting a median income of $38,037.
In 2022, the population of Olney was 3,003, a 0.10% decrease year-by-year from 2021. Previously, in 2021, Olney's population was 3,006, an increase of 0.10% compared to a population of 3,003 in 2020.
The median age in Olney, TX is 37.1, as per 2021 ACS 5-Year Estimates. Of the total population, 23.10% were under the age of 15, 17.74% aged 15 to 29, 41.11% aged 30 to 64, 15.95% aged 65 to 84, and 2.09% were 85 years of age and older.
Racial distribution of Olney population: 89.08% are White, 0.46% are Black or African American, 0.66% are American Indian and Alaska Native, 1.16% are Asian, 3.48% are some other race and 5.16% are multiracial.