Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.3 yrs |
|---|---|
| Avg HH Size | 2.11 |
| Below Poverty | 20.7% ▲ 107% above avg |
| College Grads | 41.1% ≈ Avg |
| Unemployment | 6.1% ▲ 24% above avg |
| No HS Diploma | 129 (1.2%) |
| HS Graduate | 3,654 (32.9%) |
| Some College | 1,798 (16.2%) |
| Associates | 973 (8.7%) |
| Bachelors | 1,433 (12.9%) |
| Graduate Degree | 3,135 (28.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $52,569 ▼ 31% below avg |
|---|---|
| Median Home Value | $99,400 ▼ 64% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $777/mo |
| Total Housing Units | 8,917 |
| Vacant Units | 930 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Olean is a city in New York, located in Cattaraugus County. The city spans 1 ZIP code and is home to approximately 17,272 residents. It is a middle-aged city, with a median age of 42.3 years.
Economically, Olean is a working-class community. The median household income of $52,569 is below the national average. Approximately 20.7% of residents live below the poverty line. The unemployment rate is 6.1%, above the national average.
The real estate market in Olean is one of the more affordable housing markets in the country. Median home values stand at $99,400, which is well below the national average. Renters typically pay around $777 per month. Homeownership is high at 61.1%, typical of suburban and family-oriented communities.
The population of Olean is well-educated. 41.1% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (88.95%).
Olean, NY offers residents a cost-conscious lifestyle within New York.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 14760 | 17,272 | $52,569 | $99,400 | $777 | 6.1% | 41.1% | 61.1% |