Olivet, TN is an attractive and affordable place to live with a population of about 650 people. Rent for two-bedroom apartments in Olivet averages around $720, which is almost one-half the national average of $1,430. Additionally, the cost of groceries here is 92 compared to 100 nationally. This makes Olivet an attractive option for those who are looking for a place with lower expenses.
There are many local companies that provide services and employment opportunities in Olivet. Some of these businesses include the Olivet Volunteer Fire Department, Simpler Times Farm & Bakery, and Rosemary’s Ribeye Steakhouse. All together they provide excellent services and wonderful job opportunities to those who want to work in the area.
All in all, living costs are relatively low in Olivet making it a great option for anyone who wants to save money while still enjoying a small-town life. With rental prices more than half the national average and grocery prices lower than most other places, Olivet is a great choice for anyone looking for an affordable place to live.
Olivet has an unemployment rate of 5.9%. The US average is 6.0%.
Olivet has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Olivet
- The Sales Tax Rate for Olivet is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Olivet is 0.0%. 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 $20,448 a year. The US average is $28,555 a year.
- The Median household income of a Olivet resident is $65,739 a year. The US average is $69,021 a year.