Last updated: 2024 BLS data · Page refreshed:
Olean has a population of 13,738 with a median age of 39.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 13,738 |
| Median Age | 39.0 |
| White | 86.3% |
| Black or African American | 3.0% |
| Asian | 2.9% |
| Hispanic or Latino | 1.0% |
| Other / Two or More Races | 6.8% |
The median household income in Olean is $51,261, which is 36.4% below the national median of $80,610. The per capita income is $29,512. The poverty rate is 26.7%.
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In Olean, 89.6% of residents age 25+ have a high school diploma or higher, and 29.9% hold a bachelor's degree or higher (15.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.6% |
| Bachelor's Degree or Higher | 29.9% |
| Graduate or Professional Degree | 15.2% |
The median home value in Olean is $86,100, below the national median of $303,400. The median monthly rent is $794. The homeownership rate is 55.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $86,100 |
| Median Monthly Rent | $794 |
| Homeownership Rate | 55.1% |
| Vacancy Rate | 11.4% |
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