Olean, NY
Population 13,798 · New York
About Olean, NY
Olean is a mid-sized city in New York with a population of 13,798 residents. The median household income is $47,553 per year, which is below the national average. The median age in Olean is 38.7 years.
Housing in Olean has a median home value of $90,500 and median monthly rent of $786. Of the 6,912 total housing units, the majority are owner-occupied, with 3,373 owner-occupied and 2,842 renter-occupied units.
The unemployment rate in Olean is 6.3% and the poverty rate is 24.1%. 29.1% of residents hold a bachelor's degree or higher. The average commute time is 16.4 minutes.
Cost of Living in Olean, NY
Compared to national averages, Olean has a median household income of $47,553 (37% below the national median of $75,149). Home values average $90,500, which is 63% below the national median. Monthly rent at $786 is 32% below the US average of $1,163. Within New York, Olean's income is 51% below the state average of $96,987, and home values are 77% below the state median of $387,181.
Why Live in Olean, NY?
Olean offers affordable housing with a median home value of $90,500, below the US average of $244,900, and rent that’s lower than the national average at $786/month, and short commute times averaging just 16.4 minutes.
Potential considerations include median household income ($47,553) that falls below the national average. However, Olean’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olean has a population of 13,798 with a median age of 38.7 years. Compare Olean with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Olean
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Islip | 13,687 | $146,890 | $577,600 | Compare |
| St. James | 13,680 | $130,556 | $632,900 | Compare |
| Rocky Point | 13,931 | $124,615 | $417,400 | Compare |
| Greece | 14,053 | $67,223 | $157,600 | Compare |
| Jericho | 14,117 | $180,072 | $923,600 | Compare |
| Endicott | 13,456 | $46,685 | $109,800 | Compare |
| Jefferson Valley-Yorktown | 14,195 | $152,948 | $566,800 | Compare |
| Salisbury | 13,388 | $173,808 | $639,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Olean
What is the population of Olean, NY?
The population of Olean, NY is 13,798 according to the latest Census data.
What is the median household income in Olean?
The median household income in Olean, NY is $47,553 per year.
What is the median home value in Olean?
The median home value in Olean, NY is $90,500.
What is the average rent in Olean?
The median monthly rent in Olean, NY is $786.
What is the unemployment rate in Olean?
The unemployment rate in Olean, NY is 6.3%.