What is the cost of living in Olean, NY?
According to the most recent data on the cost of living, Olean has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to New York, Olean has a cost of living index that's 0.8x lower than New York's index of 121.
The standard of living in Olean ranks as #19 most affordable out of the 336 places we measured in New York. By definition, that implies Olean ranks as the #317 most expensive place in the Empire State.
For more reading on life in Olean, check out:
Olean Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Olean. Here is how it fares on each of the criteria:
The Services index in Olean is 102.
The Groceries index in Olean is 107.
The Health index in Olean is 50.
The Housing index in Olean is 115.
The Transportation index in Olean is 116.
The Utilities index in Olean is 108.
| Living Expense | Olean | New York | National Average |
|---|---|---|---|
| Overall | 94 | 121 | 100 |
| Services | 102 | 105 | 100 |
| Groceries | 107 | 108 | 100 |
| Health | 50 | 143 | 100 |
| Housing | 115 | 112 | 100 |
| Transportation | 116 | 114 | 100 |
| Utilities | 108 | 111 | 100 |
Olean Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Olean Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Olean, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Olean is $103,164.
The Median Rent in Olean is $794.
The Median Income in Olean is $51,261.
The Home Value To Income in Olean is 2.0x.
The Rent To Monthly Income in Olean is 0.19x.
Olean, NY Costs By Category
Detailed Olean Services costs vs. New York
Detailed Olean Groceries costs vs. New York
Detailed Olean Health costs vs. New York
Detailed Olean Transportation costs vs. New York
Olean SnackAbility
Cost Of Living In Cities Around Olean
The cost of living varies in the cities and towns around Olean. Here's a quick look at the cost of living in the most populous nearby places:
Jamestown, NY has a cost of living index of 84, 0.9x Olean.
St. Marys, PA has a cost of living index of 89, 0.9x Olean.
Hamburg, NY has a cost of living index of 104, 1.1x Olean.
| City | Population | Cost Of Living | Vs. Olean |
|---|---|---|---|
| Jamestown, NY | 28,188 | 84 | 0.9x |
| St. Marys, PA | 12,529 | 89 | 0.9x |
| Hamburg, NY | 9,792 | 104 | 1.1x |
| Warren, PA | 9,240 | 84 | 0.9x |
| Hornell, NY | 8,152 | 89 | 0.9x |
| Bradford, PA | 7,683 | 88 | 0.9x |
| East Aurora, NY | 5,993 | 114 | 1.2x |
| Salamanca, NY | 5,846 | 90 | 1.0x |
