Pros and Cons of Living In Olney, Maryland. Is Olney, MD a Nice Place To Live or Retire?

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Olney, Maryland

Moving to Olney In Maryland ? Is Olney, MD a Nice Place To Live? Pros and Cons of Living in Olney, Maryland. Find out the best and worst about to live, raise a family or retire in Olney.

Olney is a census-designated place and an unincorporated area in Montgomery County, Maryland, United States. It is located in the north central part of the county, ten miles (16 km) north of Washington, D.C.

Olney was largely agricultural until the 1960s, when growth of Washington, D.C.'s suburbs led to its conversion into a mostly residential area. It has a total population of 35,820 as of the 2020 United States census.

DEMOGRAPHICS

Population
35350
Unemployment
3.1%
34% NAT AVG.
Poverty
3.6%
74% NAT AVG.
Cost Of Living
150
50% NAT AVG.

ECONOMICS

Median Home Cost
$524700
128% NAT AVG.
Median Income
$149155
121% NAT AVG.
Median Rent
$2047
76% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 28
Unemployed People
1 in 32
People Earning < $10,000
1 in 59
People Earning < $50,000
12.2%
People With Any Degree
1 in 1.4

ETHNICITY

Ethnicity Olney USA
White 60.9% 60.1%
African American 11.9% 12.2%
American Indian 0.5% 0.6%
Asian 12.8% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.5% 2.8%
Hispanic 9% 18.2%
Other 0.4% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Olney USA
Less than $10,000 1.7% 5.8%
$10,000 to $14,999 2.2% 4.1%
$15,000 to $24,999 2.7% 8.5%
$25,000 to $34,999 2.5% 8.6%
$35,000 to $49,999 3.1% 12.0%
$50,000 to $74,999 10.1% 17.2%
$75,000 to $99,999 9.5% 12.8%
$100,000 to $149,999 18.5% 15.6%
$150,000 to $199,999 17.8% 7.1%

EDUCATION

Education Olney USA
< 9th Grade 2% 5.0%
9-12th Grade 3% 7.0%
High School or GED 12% 27.0%
Other College 14% 20.0%
Associate's Degree 5% 9%
Bachelor's Degree 33% 20.0%
Master's Degree 22% 9.0%
Professional Degree 5% 2.0%
Doctorate Degree 4% 1.0%
Olney is a city in Maryland state in USA with a population of 35350 residents.. The poverty rate of Olney is 3.6%, which is 74% lower than national average. The typical household in Olney earns $149155 a year, compared to the national median of $67,500. Nearly 12.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Olney remained 3.1%, which is 34% lower than national rate.

Cost of living in Olney is 150, which is 50% higher than national average. In Olney, only 64% of adults have a bachelor's degree and 19% have some college but no degree. Median home value in Olney is $524700 , which is 128% higher than national average. While median income in Olney remained $149155, which is 121% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Olney Scorecard

Jobs90%

Housing95%

Affordability80%

Safety90%

Amenities90%

Diversity90%

Education90%

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