Olympic Valley is a very small town located in the state of California. With a population of 1,541 people and just one neighborhood, Olympic Valley is the 699th largest community in California.
Olympic Valley home prices are not only among the most expensive in California, but Olympic Valley real estate also consistently ranks among the most expensive in America.
Unlike some towns, Olympic Valley isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Olympic Valley are a mix of both white- and blue-collar jobs. Overall, Olympic Valley is a town of managers, professionals, and service providers. There are especially a lot of people living in Olympic Valley who work in sales jobs (13.55%), management occupations (12.87%), and business and financial occupations (12.07%).
Also of interest is that Olympic Valley has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Olympic Valley is also a town of artists. Olympic Valley has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Olympic Valley’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 30.52% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Olympic Valley is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Olympic Valley’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
As is often the case in a small town, Olympic Valley doesn't have a public transportation system that people use for their commute.
If knowledge is power, Olympic Valley is a pretty powerful place. 59.92% of the adults in Olympic Valley have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Olympic Valley in 2022 was $87,489, which is wealthy relative to California and the nation. This equates to an annual income of $349,956 for a family of four. However, Olympic Valley contains both very wealthy and poor people as well.
Olympic Valley is a somewhat ethnically-diverse town. The people who call Olympic Valley home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Olympic Valley residents report their race to be White, followed by Black or African-American. Important ancestries of people in Olympic Valley include English, German, French, Irish, and European.
The most common language spoken in Olympic Valley is English. Other important languages spoken here include Spanish and French.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Of note is NeighborhoodScout's research finding that the neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the community truly stands out from the rest in this regard.
In addition, if you are planning to retire in California, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in California, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.0% of neighborhoods in CA. If a California retirement is in your future, this neighborhood should be one of the places you visit.
Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 78.8% of the residential real estate vacant, the neighborhood claims the distinction of having a higher vacancy rate than 99.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
In addition, this neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 12 people per square mile living here, this neighborhood is less crowded than 96.5% of America.
A unique way of commuting is simply not to. And in the neighborhood, analysis shows that 30.5% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.0% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Did you know that the neighborhood has more English and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.0% of this neighborhood's residents have English ancestry and 2.4% have Romanian ancestry.
is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 95.5% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Olympic Valley are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the neighborhood, 47.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 34.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.6%), and 6.8% in government jobs, whether they are in local, state, or federal positions.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 91.0% of households. Other important languages spoken here include Spanish, French, Italian and Polish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the neighborhood in Olympic Valley, CA, residents most commonly identify their ethnicity or ancestry as English (34.0%). There are also a number of people of German ancestry (18.4%), and residents who report French roots (10.0%), and some of the residents are also of Irish ancestry (9.9%), along with some Mexican ancestry residents (4.6%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (40.5% of working residents), one of the shortest commutes across America.
Here most residents (58.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.