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Olean, MO Profile: Facts & Data

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Olean, Missouri - Basic Facts

The Town of Olean had a population of 114 as of July 1, 2024. Olean ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Missouri. See peer rankings below.

The primary coordinate point for Olean is located at latitude 38.4109 and longitude -92.5294 in Miller County. The formal boundaries for the Town of Olean encompass a land area of 0.17 sq. miles and a water area of 0 sq. miles. Miller County is in the Central time zone (GMT -6).

The Town of Olean has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Olean is located within Township of Saline, a minor civil division (MCD) of Miller County.


Jump to... (On This Page!)
  1. Olean 2024 Demographic Data
  2. Growth Rates for Olean (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Missouri Research Tools (Easy Tools & Current Data)
  3. Missouri Data Comparison Tool - 2024 Demographics
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Olean, MO Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 114 (100%)
Population in Households 114 (100.0%)
Population in Families 98 (86.0%)
Population in Group Quarters1 0
Population Density 659
Diversity Index2 15
 
 

INCOME

Median Household Income $73,542
Average Household Income $76,063
% of Income for Mortgage4 0%
Per Capita Income $30,025
Wealth Index5 61
Socioeconomic Status Index6 Moderate (50.7)
 

HOUSING

Total HU (Housing Units) 55 (100%)
Owner Occupied HU 41 (74.5%)
Renter Occupied HU 4 ( 7.3%)
Vacant Housing Units 10 (18.2%)
Median Home Value $243,182
Average Home Value $255,488
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 45
Average Household Size 2.53
Family Households 34
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.00% 0.69%
Households 1.08% 0.87%
Families   -0.60%
Median Household Income   1.15%
Per Capita Income   3.18%
Owner Occupied HU   -0.49%

Olean, MO - Peer Comparisons by Rank and Percentile

The table below compares Olean to the other 1,082 incorporated cities, towns and CDPs in Missouri by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 859 21st
Population Density # 549 49th
Median Household Income # 333 69th
Housing Affordability Index # 183 17th
Per Capita Income # 625 42nd
Diversity Index # 815 25th

Additional comparisons and rankings can be made with a VERY EASY TO USE Missouri Census Data Comparison Tool.

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