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CITY · 2020 ACS

Olean

New York · 13,937 residents · 5.9 sq mi
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The short version

Olean has notably lower household income than the US average, with a median household income of $41,500. Population has declined 9% since 2000. Median home value is $76,700. The poverty rate of 23.9% is well above the national figure. Households here earn about 42% less than the New York median.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 39.8
US median: 38.8
Less educated
26% hold a bachelor's degree
US average: 33%
More affordable
home values down 14%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
13,937
−9%since 2000
from 15,347 in 2000
1990 – 2025
Population density
2,362 / sq mi
−9%since 2000
from 2,601 / sq mi in 2000
US average: 280
Median age
39.8
+4%since 2000
from 38.3 in 2000
US average: 38.8
Population, 1990 – 2024
13K14K15K16K17K1990201020202024Olean
202414K
1990201020202024
Section 02

Income & economy

Median household income
$41,500
−9%inflation adjusted, since 2000
from $30,400 in 2000
US average: $66,278
1990 – 2024
Per capita income
$25,984
+51%since 2000
from $17,169 in 2000
US average: $35,364
Households earning $100K+
29.6%
+10.4 ptssince 2009
from 19.1% in 2009
US average: 43.9%
Poverty rate
23.9%
+8.0 ptssince 2000
from 15.9% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade13.7%
US avg: 10%
Information11.3%
US avg: 11.1%
Other services6.3%
US avg: 6.6%
Public administration5.1%
US avg: 4.7%
Finance & insurance3.8%
US avg: 5.5%
Wholesale trade3.5%
US avg: 6.7%
Professional, scientific, technical3.4%
US avg: 4.7%
Transportation & warehousing1.3%
US avg: 2.5%
Agriculture, forestry, fishing0.7%
US avg: 1.7%
Manufacturing0.7%
US avg: 0.5%
Arts, entertainment, food0.6%
US avg: 2%
Education & health services0.5%
US avg: 0.8%
Construction0%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$76,700
−14%inflation adjusted, since 2000
from $59,200 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$640
+1%inflation adjusted, since 2000
from $421 in 2000
US average: $1,124
Owner-occupied
53.4%
−5.5 ptssince 2000
from 58.9% in 2000
46.6% rent
Afford Score
1.8
−5%since 2000
from 1.9 in 2000
1990 – 2024
RELATED:See current rent listings in Olean on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92.6%(14,211)
Black3.3%(501)
Hispanic / Latino1.2%(190)
Asian0.9%(135)
Other0%
Diversity Score13.2%(2,024)
2020
White, non-Hispanic84.2%(11,739)
Black3.6%(502)
Hispanic / Latino2.7%(376)
Asian1.8%(256)
Other4.3%(593)
Diversity Score29.5%(4,104)
Diversity Score
29
+123%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
25.8%
+4.5 ptssince 2000
from 21.2% in 2000
US average: 32.9%
High school or higher
89.3%
+5.3 ptssince 2000
from 84.0% in 2000
US average: 88.5%
Graduate degree
13.5%
+3.0 ptssince 2000
from 10.6% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
16.3 min
+39%since 2000
from 11.7 min in 2000
US average: 26.9
Drive alone to work
78.2%
+2.4 ptssince 2009
from 75.8% in 2009
US average: 75.1%
No vehicle available
19.8%
+5.9 ptssince 2009
from 13.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.8%
−3.2 ptssince 2011
from 10.0% in 2011
US average: 5.4%
Labor force participation
63.0%
+0.2 ptssince 2011
from 62.8% in 2011
US average: 63.4%
Management & professional
40.6%
−23.3 ptssince 2009
from 63.9% in 2009
US average: 39.3%
Section 08

People & community

Male
50.0%
+1.7 ptssince 2009
from 48.3% in 2009
Female
50.0%
−1.7 ptssince 2009
from 51.7% in 2009
Foreign born
2.5%
+0.1 ptssince 2009
from 2.4% in 2009
US average: 13.5%
Uninsured
6.0%
−86.9 ptssince 2013
from 92.9% in 2013
US average: 8.8%
Drill deeper

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Compare Olean to nearby cities

OLEAN VS
Warren
Income$53,815+30%
Home value$103,800+35%
Population9,046−33%
SEE FULL COMPARISON →
OLEAN VS
Jamestown
Income$43,523+5%
Home value$87,700+14%
Population27,663+105%
SEE FULL COMPARISON →
OLEAN VS
Hornell
Income$47,385+14%
Home value$94,500+23%
Population8,024−41%
SEE FULL COMPARISON →
OLEAN VS
St. Marys
Income$67,167+62%
Home value$149,000+94%
Population12,253−9%
SEE FULL COMPARISON →
Frequently asked

How many people live in Olean, New York?

Olean, New York has about 13,937 residents according to the 2020 American Community Survey.

What is the median household income in Olean, New York?

The typical household in Olean, New York earns about $41,500 a year. Half of households make more than that, and half make less.

Is Olean, New York expensive?

In Olean, New York, the median home is worth about $76,700, and the typical rent is about $640 a month.

How educated are people in Olean, New York?

About 25.8% of adults age 25 and over in Olean, New York hold a bachelor's degree or higher.

What is the poverty rate in Olean, New York?

About 23.9% of people in Olean, New York live below the federal poverty line.

Has Olean, New York grown since 1990?

Yes, Olean, New York has shrunk since 1990. The population has lost about 3,009 residents, a change of about -18 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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