Olivet, KS is a small town with a population of about 343 people. It is located in Marion County and is known for its tight-knit community. The rent for two bedrooms in Olivet is much lower than the national average - at $740 compared to $1,430. There are several local companies that call Olivet home such as the family-owned automotive shop, Chris’s Automotive Service; the local convenience store, Olivet Pantry; and the hardware store, O’Hara & Sons. Groceries in Olivet are also quite affordable - the Grocery Cost Index there is 95 versus 100 nationally. All in all, Olivet is an affordable and friendly town offering great services in a quaint atmosphere.
Olivet has an unemployment rate of 3.6%. The US average is 6.0%.
Olivet has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Olivet
- The Sales Tax Rate for Olivet is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Olivet is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Olivet
- The average income of a Olivet resident is $26,691 a year. The US average is $37,638 a year.
- The Median household income of a Olivet resident is $64,063 a year. The US average is $69,021 a year.