Median Income
$82,000
9% higher than US avg
Home Value
$340,000
21% higher than US avg
Bachelor's+
12.7%
62% lower than US avg
Median Rent
$1,210
4% higher than US avg
Unemployment
9.8%
172% higher than US avg
Poverty Rate
9.0%
27% lower than US avg
How Olds Compares to the U.S. Average (100% = U.S. avg)
People
Population9,209
Median Age43.6 yrs
Density1,599/mi²
Male / Female48% / 52%
Largest GroupWhite 91%
Economy
B
Median Income$82,000
Per Capita$54,550
Unemployment9.8%
Poverty9.0%
Commute21 min
Housing
A
Home Value$340,000
Rent$1,210
OwnershipN/A
Housing Units3,810
Rent Burden19.0%
Climate
Avg Temp42°F
AQIN/A
Rain20.7 in/yr
Sunny Days287/yr
Elevation3,412 ft
Education
C
Bachelor's+12.7%
High School+30.3%
Graduate+2.8%
Is Olds a Good Place to Live?
Based on current data, Olds receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include abundant sunshine. Areas to be aware of include above-average unemployment. Olds offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Olds is $82,000, roughly in line with the national average of $75,149. At 9.8%, unemployment is notably high. 9.0% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 21 minutes.
Cost of Living & Housing
The median home value in Olds is $340,000, 21% above the national median. Renters pay a median of $1,210 per month. A price-to-income ratio of 4.1x indicates a reasonably affordable housing market.
Education
12.7% of residents hold a bachelor's degree, below the national average of 33.7%. 30.3% have completed high school.
Climate & Weather
Olds has a cool climate with an average annual temperature of 42°F. Winters average 23°F in January while summers reach 63°F in July. With 287 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 20.7 inches, including 31.3 inches of snow.
Olds has a population of 9,209 with a density of 1,599 people per square mile. The median age is 43.6 years, 12% older than the national median of 38.9. The city is predominantly White (90.9%), with 7.6% Asian.
Population
9,209
Total Population
2021 Census
43.6yrs
Median Age
12% above US avg
Language Spoken at Home
| English Only | 89.5% |
| 14% above US avg |
| Spanish | 0.9% |
| 93% below US avg |
| Other Languages | 9.6% |
The median household income in Olds is $82,000, which is 9% above the national average of $75,149. The unemployment rate is 9.8% (above the 3.6% US average). 9.0% of residents live below the poverty line. Workers commute an average of 21 minutes.
Income
| Median HH Income | $82,000 |
| 9% above US avg |
| Per Capita Income | $54,550 |
Employment & Poverty
| Unemployment | 9.8% |
| 172% above US avg |
| Poverty Rate | 9.0% |
| 27% below US avg |
Commute & Transportation
| Commute Time | 20.8 min |
| Drive Alone | 87.6% |
| Public Transit | 0.3% |
| Work from Home | 13.4% |
The median home value in Olds is $340,000, 21% above the national average. Monthly rent averages $1,210 (4% above US avg).
Home Values
| Census Median | $340,000 |
| 21% above US avg |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $1,210 |
| 4% above US avg |
| Rent Burden | 19.0% |
Ownership & Property
| Owner-Occupied | 72.4% |
| Renter-Occupied | 27.7% |
| Housing Units | 3,810 |
Property Tax
Health Metrics: Olds vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
Food & Exercise
Crime Rates: Olds vs U.S. Average (per 100,000)
Olds has an average annual temperature of 42°F (5°C). Winters average 23°F in January while summers reach 63°F in July. Annual precipitation is 20.7 inches. The area enjoys 287 sunny days per year.
Temperature
23°F Jan (-5°C)
63°F Jul (17°C)
| Annual Average | 41.8°F |
| 23% below US avg |
| January Average | 23°F (-5°C) |
| July Average | 63°F (17°C) |
| Sunny Days | 287 days/yr |
Precipitation & Snow
| Annual Rainfall | 20.7 inches |
| 45% below US avg |
| Snowfall | 31.3 inches/yr |
Geography
| Elevation | 3,412 ft (1,040 m) |
| Area | 5.8 sq mi (14.9 km²) |
| Population Density | 1,599/sq mi |
| Coordinates | 51.7834°N, 114.1020°W |
| Timezone | America/Edmonton |