Olivet, SD Profile: Facts & Data

The Town of Olivet had a population of 52 as of July 1, 2024. Olivet ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in South Dakota. See peer rankings below.

The primary coordinate point for Olivet is located at latitude 43.2408 and longitude -97.6753 in Hutchinson County. The formal boundaries for the Town of Olivet encompass a land area of 0.15 sq. miles and a water area of 0 sq. miles. Hutchinson County is in the Central time zone (GMT -6).

The Town of Olivet has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Olivet, SD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	52 (100%)
Population in Households	52 (100.0%)
Population in Families	49 (94.2%)
Population in Group Quarters¹	0
Population Density	258
Diversity Index²	4


INCOME
Median Household Income	$106,249
Average Household Income	$155,260
% of Income for Mortgage⁴	0%
Per Capita Income	$74,644
Wealth Index⁵	208
Socioeconomic Status Index⁶	High (73.6)

HOUSING
Total HU (Housing Units)	38 (100%)
Owner Occupied HU	20 (52.6%)
Renter Occupied HU	5 (13.2%)
Vacant Housing Units	13 (34.2%)
Median Home Value	$350,000
Average Home Value	$446,250
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	25
Average Household Size	2.08
Family Households	22
Average Family Size	2.00

NOTES

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.
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.
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.
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).
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.
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.

Olivet, SD - Peer Comparisons by Rank and Percentile

The table below compares Olivet to the other 485 incorporated cities, towns and CDPs in South Dakota 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-4.77%	2.90%
Households	-6.32%	2.29%
Families		0.00%
Median Household Income		-4.11%
Per Capita Income		2.75%
Owner Occupied HU		4.56%

Variable Description	Rank	Percentile
Total Population	# 383	21st
Population Density	# 282	42nd
Median Household Income	# 36	93rd
Housing Affordability Index	# 6	1st
Per Capita Income	# 8	99th
Diversity Index	# 445	9th

Olivet, SD Profile: Facts & Data

Olivet, South Dakota - Basic Facts

Olivet, SD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Olivet, SD - Peer Comparisons by Rank and Percentile

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