At a Glance
Median Income
$47,553
$29,654 per capita
Home Value
$90,500
Zillow: $108,889
Median Rent
$786/mo
31.8% of income on rent
Violent Crime
398/100K
3,871/100K property
Bachelor's Degree+
29.1%
89.4% high school+
Unemployment
6.3%
19.9% poverty rate
Obesity Rate
36.7%
17.6% smoking rate
How Olean Compares to the U.S. Average
Each bar shows Olean's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Olean a Good Place to Live?
B
3.0 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Olean residents earn a median household income of $47,553 , which is 37% below the national average of $75,149.
Per capita income is $29,654. The unemployment rate stands at 6.3% (75% above the U.S. rate of 3.6%). 19.9% of residents live below the poverty line. The area is home to 1,778 business establishments, including 201 restaurants.
Housing & Cost of Living
The median home value in Olean is $90,500 , 68% below the national median of $281,900.
Zillow estimates the typical home at $108,889. Median rent is $786/month, with 31.8% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1938.
Safety & Crime
Olean reports 398 violent crimes per 100,000 residents
, which is 5% above the national average of 380/100K.
Property crime is 3,871/100K.
Education
29.1% of adults in Olean hold a bachelor's degree or higher
(14% below the national average).
89.4% have completed high school. Local schools score 5.3/10 in standardized testing.
Climate & Weather
Olean has an average annual temperature of 46°F (8°C).
Winters average 22°F in January while summers reach 69°F in July. Annual precipitation totals 40.7 inches.
Data Overview
People
Population13,798
Median Age38.7 yrs
Density2,339/mi²
Male / Female49% / 51%
Foreign Born3.0%
Veterans6.5%
Economy
C+
Median Income$47,553
Per Capita$29,654
Unemployment6.3%
Poverty19.9%
County GDP$3,919M
Avg Weekly Wage$1,039
Housing
A+
Home Value$90,500
Rent$786
Ownership54.3%
Zillow$108,889
Housing Units6,798
Rent Burden31.8%
Crime
F
Violent398/100K
Property3,871/100K
Health
Obesity36.7%
Diabetes10.2%
Smoking17.6%
Heart Disease6.2%
Premature Death10,681/100K
Climate
Avg Temp46°F
Rain40.7 in/yr
Elevation1,427 ft
Education
B
Bachelor's+29.1%
High School+89.4%
Graduate+13.6%
School Score5.3/10
Community
2024 VoteR 66% / D 34%
Commute16 min
Broadband84.9%
Internet Speed129 Mbps
EV Stations14
Libraries13
Did You Know?
Olean was founded in 1765.
The median home in Olean was built in 1938.
The nearest airport is Bradford Regional (22 miles).
The Gini coefficient (income inequality) is 0.441 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
18.5% of the population has a disability.
Average internet download speed is 129 Mbps.
There are 201 restaurants in the area.
The county recorded 12 fatal vehicle crashes.