Olney is a city in Young County, Texas, United States.

[6] According to the United States Census Bureau, the city has a total area of 2.0 sq mi (5.2 km2), all land.

The climate in this area is characterized by hot, humid summers and generally mild to cool winters.

[7] As of the 2020 United States census, there were 3,007 people, 1,370 households, and 821 families residing in the city.

Olney Municipal Airport is three miles southwest of the city,[11] and includes the Air Tractor company with 450 employees, manufacturing agricultural aircraft.

[12] The airport is the flight test site for the Carter PAV,[13][14] as well as training for the 2014 Red Bull Air Race World Championship.