Oolitic, IN Profile: Facts & Data

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Oolitic, Indiana - Basic Facts

The Town of Oolitic had a population of 1,284 as of July 1, 2019. Oolitic ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Oolitic is located at latitude 38.9009 and longitude -86.5253 in Lawrence County. The formal boundaries for the Town of Oolitic encompass a land area of 0.78 sq. miles and a water area of 0 sq. miles. Lawrence County is in the Eastern time zone (GMT -5). The elevation is 594 feet.

The Town of Oolitic (GNIS ID: 2396834) 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 Oolitic is located within Township of Shawswick, a minor civil division (MCD) of Lawrence County.


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  1. Oolitic 2019 Demographic Data
  2. Growth Rates for Oolitic (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Oolitic, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Oolitic, IN Housing Affordability Index is 244
State of Indiana Housing Affordability Index is 180
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.

WEALTH INDEX

Oolitic, IN Wealth Index is 53
State of Indiana Wealth Index is 81
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.

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  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 1,284 (100%)
Population in Households 1,284 (100.0%)
Population in Families 1,007 (78.4%)
Population in Group Quarters1 0
Population Density 1,641
Diversity Index2 6
 

INCOME

Median Household Income $48,569
Average Household Income $59,032
Per Capita Income $27,128
Wealth Index4 53

HOUSING

Total Housing Units 603 (100%)
Owner Occupied HU 401 (66.5%)
Renter Occupied HU 180 (29.9%)
Vacant Housing Units 22 ( 3.6%)
Median Home Value $107,398
Housing Affordability Index3 244
 

HOUSEHOLDS

Total Households 581
Average Household Size 2.21
Family Households 360
Average Family Size 3
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 race 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 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.88% 0.36%
Households 0.92% 0.38%
Families 0.81% 0.28%
Median Household Income   2.93%
Per Capita Income   3.23%

Oolitic, IN - Peer Comparisons by Rank and Percentile

The table below compares Oolitic to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 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 # 295 57th
Population Density # 218 68th
Diversity Index # 582 14th
Median Household Income # 449 34th
Per Capita Income # 275 60th

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

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