What it's like to live in Olean
Olean is a small city in New York with rent below the national average, home prices that remain within reach, commutes that run shorter than most cities, and schools with smaller class sizes than the national average. Those factors carry real weight for anyone weighing where to move next.
The tradeoffs are worth naming plainly. Olean deals with household incomes below the national average, a poverty rate above the national average, a rent burden that leaves many renters stretched thin, and cold, harsh winters.
The good
- Rent below the national average
- Affordable home prices
- Short commutes
- Low student-teacher ratio
The not so good
- Below-average household incomes
- High poverty rate
- High rent burden for renters
- Cold, harsh winters
- Heavy snowfall — 65" per year
- Smaller place — fewer dining and entertainment options
How Olean compares
Median household income
Median rent (per month)
Median home value
What it takes to move to Olean
Based on Olean's median rent, home value and household income
To rent
$1,588
up front: first month plus a typical one-month deposit
- Income to keep rent under 30%: $31,760 a year
- 51% of Olean renters spend 30% or more of their income on rent
To buy
$17,220
a 20% down payment on the median home
- With 10% down: $8,610
- Homes cost 1.7× the typical local household income (US: 4.1×)
Moving costs, closing costs and taxes not included.
The details
Cost of living▼ 44% below US
$794/mo median rent
Rent here is genuinely low, with median rent around $794 a month. Factoring in local incomes, the value gets even better. Money stretches further here than in most of the country. Home prices here are genuinely accessible, with a median around $86,100. That kind of affordability is rare in today's market.
Median home value $86,100 · 51% of renters cost-burdened
Job market
4.2% county unemployment
Unemployment in Cattaraugus County is 4.2%, close to the national average of 4.3%. That's the county-wide rate; BLS doesn't measure a place this size on its own.
Cattaraugus County (county-wide)
Safety▼ 13% below US
288 violent crimes per 100k
Crime runs about typical for a city this size. Some neighborhoods are safer than others, and one overall rate doesn't tell the whole story, so a neighborhood-level look matters more than the headline stat.
Property crime 3441/100k · Olean Police Department · 2025 data
Getting around▼ 45% below US
14 min average commute
Commutes run short here, averaging 14.4 minutes. That's an underrated perk of living in a smaller or well-planned city, where time isn't lost sitting in traffic. 8 in 10 workers drive to work; 8% work from home.
How workers get to work
Climate
Summers are comfortable, with highs around 78°F, and winters are cold and harsh, with lows dropping to 16°F. Rainfall is regular throughout the year.
Average month
30-year averages, 1991–2020
Healthcare
1 hospital
There's one Medicare-certified hospital inside city limits, rated 1.0 out of 5 by Medicare. Hospitals in neighboring towns aren't counted here.
Medicare-certified hospitals
Education & workforce▼ 17% below US
30% bachelor's degree or higher
College degree attainment runs below average at 30%. That tends to reflect a more trade and working-class economy, which can be great or limiting depending on the industry.
Schools
4 public schools inside the boundary
There are 4 public schools inside the boundary and 2 private schools. The student-to-teacher ratio is 11:1, well below the national average of 16:1. Smaller class sizes are generally a positive sign for a district.
Parks & recreation
The nearest national park or historic site is Theodore Roosevelt Inaugural National Historic Site (61 miles away). There are 2 national parks and sites within a day's drive.
Bottom line
Olean's strongest points are rent below the national average and home prices that remain within reach; the main tradeoffs are household incomes below the national average and a poverty rate above the national average. A year of median rent ($794/mo) equals 19% of the median household income here, about the same as the 21% typical nationwide. It tends to suit people watching their budget and people who want short commutes. It may be a harder fit for anyone who doesn't drive and anyone who dislikes long, cold winters.
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