Allegany, NY
Population 1,773 · New York
About Allegany, NY
Allegany is a small community in New York with a population of 1,773 residents. The median household income is $73,802 per year, which is above the national average. The median age in Allegany is 37.1 years.
Housing in Allegany has a median home value of $152,000 and median monthly rent of $767. Of the 866 total housing units, the majority are owner-occupied, with 489 owner-occupied and 274 renter-occupied units.
The unemployment rate in Allegany is 1.5% and the poverty rate is 16.0%. 46.7% of residents hold a bachelor's degree or higher. The average commute time is 16.2 minutes.
Cost of Living in Allegany, NY
Compared to national averages, Allegany has a median household income of $73,802 (2% below the national median of $75,149). Home values average $152,000, which is 38% below the national median. Monthly rent at $767 is 34% below the US average of $1,163. Within New York, Allegany's income is 24% below the state average of $96,987, and home values are 61% below the state median of $387,181.
Why Live in Allegany, NY?
Allegany offers affordable housing with a median home value of $152,000, below the US average of $244,900, and rent that’s lower than the national average at $767/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features a well-educated community where 46.7% of residents hold a bachelor’s degree or higher, and short commute times averaging just 16.2 minutes.
Potential considerations include median household income ($73,802) that falls below the national average. However, Allegany’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Allegany has a population of 1,773 with a median age of 37.1 years. Compare Allegany with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Allegany
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kerhonkson | 1,773 | $72,411 | $228,000 | Compare |
| Youngstown | 1,773 | $81,818 | $199,500 | Compare |
| Addison | 1,775 | $53,512 | $89,600 | Compare |
| Northville | 1,771 | $118,056 | $819,800 | Compare |
| Aquebogue | 1,778 | $128,309 | $586,900 | Compare |
| Altamont | 1,767 | $105,455 | $306,700 | Compare |
| Bay Park | 1,780 | $97,880 | $494,500 | Compare |
| Dryden | 1,783 | $51,920 | $211,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Allegany
What is the population of Allegany, NY?
The population of Allegany, NY is 1,773 according to the latest Census data.
What is the median household income in Allegany?
The median household income in Allegany, NY is $73,802 per year.
What is the median home value in Allegany?
The median home value in Allegany, NY is $152,000.
What is the average rent in Allegany?
The median monthly rent in Allegany, NY is $767.
What is the unemployment rate in Allegany?
The unemployment rate in Allegany, NY is 1.5%.