Cost of Living in Olney, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.0
100 = national avg
-36.0 vs national average
Living Wage (1 Adult)
$28,158
per year
Living Wage (Family of 4)
$66,556
per year
Cost Index by Category
Housing50.8
Food80.0
Transportation60.0
Healthcare84.0
Utilities78.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$761
per month
2 Bedroom
$998
per month
The overall cost of living index in Olney is 64.0, which is 36.0% below the national average. Housing costs are below the national average at an index of 50.8. A single adult needs to earn approximately $28,158 per year to cover basic expenses.