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Allegany, New York

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,740
Population
$70,625
Median Income
$164,100
Home Value
39.0
Median Age

Demographics

Allegany has a population of 1,740 with a median age of 39.0. Here is the racial and ethnic breakdown of the population:

White
86.1%
Other
6.5%
Asian
5.3%
Hispanic
1.8%
Demographic Value
Total Population1,740
Median Age39.0
White86.1%
Black or African American0.3%
Asian5.3%
Hispanic or Latino1.8%
Other / Two or More Races6.5%
Allegany, New York — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 86.1%Other: 6.5%Asian: 5.3%Other: 2.1%1,740PopulationWhiteWhite86.1%OtherOther6.5%AsianAsian5.3%OtherOther2.1%

Income & Economy

The median household income in Allegany is $70,625, which is 12.4% below the national median of $80,610. The per capita income is $42,910. The poverty rate is 16.6%.

$70,625
Median Household Income
$42,910
Per Capita Income
16.6%
Poverty Rate

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Education

In Allegany, 98.2% of residents age 25+ have a high school diploma or higher, and 45.3% hold a bachelor's degree or higher (25.9% with a graduate or professional degree).

HS Diploma+
98.2%
Bachelor's+
45.3%
Graduate+
25.9%
Education Level % of Adults (25+)
High School Diploma or Higher98.2%
Bachelor's Degree or Higher45.3%
Graduate or Professional Degree25.9%

Housing

The median home value in Allegany is $164,100, below the national median of $303,400. The median monthly rent is $772. The homeownership rate is 65.6%.

$164,100
Median Home Value
$772/mo
Median Rent
65.6%
Homeownership Rate
Housing Metric Value
Median Home Value$164,100
Median Monthly Rent$772
Homeownership Rate65.6%
Vacancy Rate13.6%

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Frequently Asked Questions

What is the population of Allegany, New York?
The population of Allegany, New York is 1,740 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Allegany, New York?
The median household income in Allegany, New York is $70,625. This is 12.4% below the national median of $80,610.
What is the median home value in Allegany, New York?
The median home value in Allegany, New York is $164,100. The median monthly rent is $772.
What percentage of people in Allegany have a college degree?
In Allegany, New York, 45.3% of adults age 25 and older hold a bachelor's degree or higher, and 98.2% have a high school diploma or higher.
Is Allegany, New York an affordable place to live?
The home price-to-income ratio in Allegany, New York is 2.3x (median home value $164,100 vs. median income $70,625), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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