Olney is a medium-sized town located in the state of Maryland. With a population of 35,820 people and eight associated neighborhoods, Olney is the 26th largest community in Maryland.
Olney home prices are not only among the most expensive in Maryland, but Olney real estate also consistently ranks among the most expensive in America.
Also of interest is that Olney has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 25.08% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Olney is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Olney really has some of the features that families look for when choosing a good community to raise children. Is Olney perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
In Olney, however, the average commute to work is quite long. On average, people spend 33.65 minutes each day getting to work, which is significantly higher than the national average.
If knowledge is power, Olney is a pretty powerful place. 65.32% of the adults in Olney have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Olney in 2022 was $65,236, which is wealthy relative to Maryland and the nation. This equates to an annual income of $260,944 for a family of four.
Olney is an extremely ethnically-diverse town. The people who call Olney home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Olney residents report their race to be White, followed by Black or African-American. Olney also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.37% of the town’s residents. Important ancestries of people in Olney include Irish, German, English, Italian, and Russian.
Foreign born people are also an important part of Olney's cultural character, accounting for 22.31% of the town’s population.
The most common language spoken in Olney is English. Other important languages spoken here include Spanish and Langs. of India.