Olivet, a small town in New Jersey, has a population of slightly less than 2,000. Middle-aged professionals should fit right in, as they account for an above-average percentage of the population, while young adults account for a smaller percentage of the town. Renters tend to be in the minority in the area, and 96% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $905 per month. Over the course of a year, renters in Olivet will save around $4,400 compared to the state average.
Olivet has a relatively large percentage of residents over the age of 25 who possess a Bachelor's, Master's, Professional, or Doctoral degree (27%) compared to the national average (21%). Many Olivet residents work in one of three industries: education, retail, and healthcare. Together, these industries make up 26% of the labor force in the town. Meanwhile, in terms of job function, many of the town's workers are in sales, as 8% of the town's population reports this as their field of work, the highest number of any field. With an average annual income of just over $102K, Olivet workers bring in more than the average New Jersey resident. The town's average income also compares favorably to the national average ($73,345).
With an average commute time of about 29 minutes, shorter than most cities in New Jersey, Olivet residents are well aware that getting to work isn't overly time-consuming. Driving a car or truck is the most common means of commuting to work, chosen by 49% of workers, while public transportation is not used. Walking isn't a common way to get to work.
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