According to the most recent data on the cost of living, Olean has an overall cost of living index of 82 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 117.
The standard of living in Olean ranks as #408 most affordable out of the 6,522 places we measured in New York. By definition, that implies Olean ranks as the #5,998 most expensive place in the Empire State.
|Living Expense||Olean||New York||National Average|
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.