Median Age
41 Years
Largest Age Group
25-34 Years
Approximately 13% of Residents
Under 20
23%
Over 65
21%
Avg Rent
$815
Population
13,881
Renter Mix
47% Rent
Once a hub of 20th century oil and timber industries, Olean is a quiet small town in the southwest corner of New York. The largest city in Cattaraugus County, Olean is a sleepy little city that’s provided with some truly amazing views. Colonial Revival homes overlook Victorian mansions, which overlook the namesake creek and mountains in the distance.
There are plenty of family-owned businesses in Olean, as well as all the requisite big-box stores to take care of any need. Alleghany National Forest makes for a popular outdoor destination that’s just minutes from the city. There’s miles of hiking trails and picturesque camping sites to explore.
Sometimes called “Little Buffalo,” Olean is making a push for revitalizing the city center. With its relative affordability, beautiful surroundings, and comforting atmosphere, it’s a great place to settle down.
Median Household Income
$47,105
Average: $62,262
Education
2,939
Residents Have a Degree
Job Market
6,414
Workers Employed
Median Age
41 Years
Largest Age Group
25-34 Years
Approximately 13% of Residents
Under 20
23%
Over 65
21%
Housing Distribution
Olean has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of May 2026, the average apartment rent in Olean, NY is $938 for a studio, $815 for one bedroom, $1,214 for two bedrooms, and $529 for three bedrooms. Apartment rent in Olean has increased by 1.2% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Olean, NY is for everyday living.
Fairly Walkable
Walkability
Minimal Public Transit
Transit
Exceptionally Drivable
Drivability
Somewhat Bikeable
Bikeability
Public
Grades K-12
533 Students
Public
Grades PK-5
346 Students
Washington West Elementary School
Public
Grades PK-5
284 Students
Public
Grades 6-12
668 Students
Public
Grades K-12
533 Students
Public
Grades 6-12
668 Students
Public
Grades K-12
533 Students
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.