Olean, NY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
83
Olean's Overall Cost Of Living
0.8x
Lower Than The National Average
6 out of 340
In New York
491 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Olean is expensive, while a number below 100 means it's a relatively cheap place to live.

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 83 which is 0.8x lower than the national index of 100.

Compared to only New York, Olean has a cost of living index that's 0.7x lower than New York's index of 119.

The standard of living in Olean ranks as #491 most affordable out of the 6,418 places we measured in New York. By definition, that implies Olean ranks as the #5,927 most expensive place in the Empire State.

For more reading on life in Olean, check out:

Olean Cost Of Living Vs. New York

Living Expense Olean New York National Average
Overall 83 119 100
Services 101 112 100
Groceries 92 110 100
Health 87 102 100
Housing 46 144 100
Transportation 98 105 100
Utilities 98 99 100
For more reading on cost of living around New York, check out:
Olean Cost of Living Vs. NY

Olean, NY Housing Cost Breakdown

Housing swings affordability the most between places in New York, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$76,700
Median Home Value
$640
Median Rent
$41,500
Median Income
Statistic Olean New York United States
Median Home Value $76,700 $325,000 $229,800
Median Rent $640 $1,315 $1,096
Median Income $41,500 $71,117 $64,994
Home Value To Income 1.8x 4.6x 3.5x
Rent To Monthly Income 0.19x 0.22x 0.2x

Detailed Olean Services Costs Vs. New York

Item Olean New York
Shampoo $0.95 $1.06
Movie $11.16 $10.68
Bowling $15.0 $14.67

Detailed Olean Groceries Costs Vs. New York

Item Olean New York
Ground Beef $3.89 $4.22
Fried Chicken $1.23 $1.39
Milk $2.27 $2.05

Detailed Olean Health Costs Vs. New York

Item Olean New York
Haircut $17.42 $18.62
Beauty Salon $38.64 $39.05
Toothpaste $1.72 $2.34

Detailed Olean Transportation Costs Vs. New York

Item Olean New York
Potatoes $3.41 $3.29
Pizza $11.66 $10.62
Beer $9.49 $9.38
Optometrist $62.78 $108.57
Doctor $94.5 $116.17
Dentist $83.55 $99.13

Detailed Olean Utilities Costs Vs. New York

Item Olean New York
Gasoline $2.29 $2.22
Tire Balancing $42.61 $50.07
All Electricity $153.91 $167.67
Phone $189.34 $175.64

Olean SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
4
Affordability
8.5
Diversity
6
Safety
6
Amenities
8.5
Education
7
Commute
9.5

Cost Of Living In Cities Around Olean

City Population Cost Of Living Vs. Olean
Jamestown, NY 29,290 82 1.0x
St. Marys, PA 12,333 92 1.1x
Hamburg, NY 9,672 91 1.1x
Warren, PA 9,127 84 1.0x
Bradford, PA 8,284 78 0.9x
Hornell, NY 8,274 88 1.1x
East Aurora, NY 6,172 97 1.2x
Salamanca, NY 5,466 82 1.0x

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