The labor force participation rate in Mount Olive is 70.6%, with an unemployment rate of 4.5%. For all those in the work force, the typical commute time is 33.7 minutes. 14.6% of Mount Olive’s community have a masters degree, and 27.3% posses a bachelors degree. For everyone without a college degree, 27% attended at least some college, 26.3% have a high school diploma, and only 4.8% have received an education significantly less than high school. 5.8% are not included in health insurance.
The average family size in Mount Olive, NJ is 3.2 family members, with 58.2% owning their own dwellings. The mean home valuation is $367193. For those paying rent, they pay an average of $1302 monthly. 60.9% of homes have 2 incomes, and the average household income of $88073. Average individual income is $43092. 6.7% of town residents exist at or below the poverty line, and 9.5% are considered disabled. 6.1% of residents of the town are former members regarding the armed forces.
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