Mount Olive, NC Profile: Facts & Data

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Mount Olive, North Carolina - Basic Facts

The Town of Mount Olive had a population of 4,169 as of July 1, 2023. Mount Olive ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Mount Olive is located at latitude 35.1966 and longitude -78.0664 in Wayne County. The formal boundaries for the Town of Mount Olive encompass a land area of 2.67 sq. miles and a water area of 0 sq. miles. Wayne County is in the Eastern time zone (GMT -5).

While the primary coordinates for Town of Mount Olive are located in Wayne County, it should be noted that the formal boundaries for this community also extend into and Duplin County.

The Town of Mount Olive 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 Mount Olive is located within Township of Brogden, a minor civil division (MCD) of Wayne County.


Jump to... (On This Page!)
  1. Mount Olive 2023 Demographic Data
  2. Growth Rates for Mount Olive (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2023 Demographics
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Mount Olive, NC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 4,169 (100%)
Population in Households 3,648 (87.5%)
Population in Families 2,667 (64.0%)
Population in Group Quarters1 521 (12.5%)
Population Density 1,523
Diversity Index2 73
 
 

INCOME

Median Household Income $44,841
Average Household Income $72,147
% of Income for Mortgage4 17%
Per Capita Income $28,076
Wealth Index5 59
Socioeconomic Status Index6 Low (41.7)
 

HOUSING

Total HU (Housing Units) 1,964 (100%)
Owner Occupied HU 982 (50.0%)
Renter Occupied HU 627 (31.9%)
Vacant Housing Units 355 (18.1%)
Median Home Value $126,087
Average Home Value $164,919
Housing Affordability Index3 140
 

HOUSEHOLDS

Total Households 1,609
Average Household Size 2.27
Family Households 848
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

2020-2023 2023-2028
Population -0.21% -0.24%
Households -0.29% -0.14%
Families   -0.31%
Median Household Income   3.25%
Per Capita Income   3.55%
Owner Occupied HU   0.06%

Mount Olive, NC - Peer Comparisons by Rank and Percentile

The table below compares Mount Olive to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2023 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 # 201 74th
Population Density # 88 89th
Median Household Income # 543 30th
Housing Affordability Index # 593 76th
Per Capita Income # 463 40th
Diversity Index # 89 89th

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

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