Moving to Olean
What you need to know before relocating to Olean, New York. Data-driven insights on housing, jobs, safety, and quality of life.
Is Olean a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Olean compares favorably on multiple dimensions. Highlights include rent ($715/mo) is below the national average; home prices ($105,500) are well below the us median; low uninsured rate (5.4%) and good healthcare access.
Olean at a Glance
Cost of Living in Olean
The median rent in Olean is $715/month, while the median home value is $105,500. With a median household income of $54,250, residents spend roughly 16% of monthly income on rent.
Overall, the Olean metro area is classified as very affordable compared to other US metros.
Job Market
Olean has a median household income of $54,250, which is 27% below the national median. The local unemployment rate is 4.1%, compared to the national average of 3.7%.
Safety in Olean
The violent crime rate in Olean is 390 per 100,000 residents, which is 3% above the national average of 380.
Property crime rate: 1799 per 100,000 residents.
Education in New York
New York has a high school graduation rate of 88% and per-pupil spending of $33,437/year. The student-to-teacher ratio is 11:1.
41% of New York adults hold a bachelor's degree or higher.
Healthcare Access
New York has 389 physicians per 100,000 residents, a 5.4% uninsured rate, and 3.0 hospital beds per 1,000 people. Life expectancy in New York is 79.0 years.
Pros and Cons of Living in Olean
+Pros
- ✓Rent ($715/mo) is below the national average
- ✓Home prices ($105,500) are well below the US median
- ✓Low uninsured rate (5.4%) and good healthcare access
-Cons
- ✗Median household income ($54,250) trails the national median
- ✗Longer-than-average commute (28443 min)
Frequently Asked Questions
Is Olean a good place to live?⌄
Olean, New York has several attributes that make it an attractive place to live, including rent ($715/mo) is below the national average and home prices ($105,500) are well below the us median. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Olean?⌄
The median rent in Olean is $715/month and the median home value is $105,500. The median household income is $54,250. Overall the metro is considered very affordable.
Is Olean safe?⌄
Olean has a violent crime rate of 390 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Olean?⌄
Olean has an unemployment rate of 4.1%, compared to the national average of 3.7%. The median household income is $54,250.