Olney is located in Young county Texas with a geographic area of 2.0 square miles. The total population in Olney is 3,098 with 49.6% male and 50.4% female. Children under age 5 represent 7.3% of the population, under age 18 equal 24.5% of the population and over age 65 is 19.8% of the population. The median household income is $33,994, per capita income is $23,279. There are a total of 1,370 housing units with 68.6% owner occupied. Education includes 33.0% of residents that are high school graduates and 22.0% with a bachelor's degree or higher. The average temperature in Olney in the summer is 83 degrees, and in the winter 49 degrees.
