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Olivet, NJ

Full City Profile · New Jersey · Salem County County

3.4 /5.0
B Good
1,647 Population 661/sq mi density
$122,193 Median Income $41,476 per capita
$299,000 Home Value $337,918 Zillow
56°F Avg Temperature 293 sunny days/yr
1,022 Violent Crime/100K 3,874 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$122,193 median income, 5.8% unemployment
A+
Affordability
5.0 / 5.0
$299,000 home value, /mo rent
F
Safety
1.0 / 5.0
1,022 violent crimes/100K (169% above avg)
B
Education
3.3 / 5.0
28.3% bachelor's degree or higher

Income Overview

Median Household Income
$122,193
63% above
US avg: $75,149
Per Capita Income
$41,476
6% above
US avg: $39,052
Unemployment Rate
5.8%
61% above
US avg: 3.6%
Poverty Rate
6.0%
52% below
US avg: 12.4%

Income Comparison: Olivet vs. U.S. Average

Each bar shows Olivet’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$122,193
163%
Per Capita
US: $39,052
$41,476
106%
IRS Avg AGI
US: $72,000
$71,530
99%
Avg Weekly Wage
US: $1,432
$1,299
91%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,299
9% below US avg ($1,432)
Mean Commute Time
27 min
4% below US avg (28 min)
Work From Home
1.0%
93% below US avg (15.2%)
Drive Alone
92.5%
26% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$7,363M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 92.5%
Public Transit 0%
Work From Home 1%
Other 6.5%
Average commute time
27 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,492
Restaurants
115
Healthcare
143
Retail
159
Manufacturing
39

Tax & Financial

IRS Avg Adjusted Gross Income
$71,530
1% below US avg ($72,000)
Avg Property Tax
$8,555
144% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$122,193
Per Capita Income$41,476
IRS Avg Adjusted Gross Income$71,530
Avg Weekly Wage$1,299
County GDP$7,363M

Hardship Indicators

Unemployment Rate5.8%
Poverty Rate6.0%
Gini Coefficient0.443
Cost of Living Index108.8

Commute

Mean Commute27 minutes
Drive Alone92.5%
Public Transit0.0%
Work From Home1.0%

Businesses

Total Establishments1,492
Restaurants115
Healthcare143
Retail159
Manufacturing39

Tax

IRS Avg AGI$71,530
Avg Property Tax$8,555