Housing costs in Olean?
A typical home costs
$118,900, which is 64.8% less expensive than the national average of
$338,100 and 71.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Olean costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 139.0% cheaper than the state average of
$1,960.
Can I afford Olean?
To live comfortably in Olean, New York, a minimum annual income of
$22,680 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Olean?
Olean, NY is an affordable place to live with a cost of living that is below the national average. In terms of housing costs, the median home price in Olean is $78,200, which is much lower than the US median home price of $219,700. Renters can expect to pay around $615 per month for a one-bedroom apartment. Groceries and utilities are also more affordable than most other parts of New York State. Overall, Olean provides an excellent quality of life at an affordable price point.