Housing costs in Olean?
A typical home costs
$100,600, which is 70.2% less expensive than the national average of
$338,100 and 75.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Olean costs
$810 per month, which is 58.7% cheaper than the national average of
$1,960 and 2.5% cheaper than the state average of
$830.
Can I afford Olean?
To live comfortably in Olean (zip 14760), New York, a minimum annual income of
$19,440 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Olean?
The cost of living in 14760 Olean, NY is generally considered to be quite reasonable. The median home value in the area is just over $74,000, which is much lower than the national average. Renters will find that the median rent for a two-bedroom apartment in Olean is around $655 per month, also below the national average. Taxes are also relatively low; sales taxes are 6% while income tax rates range between 4 and 8.3%. Groceries and utilities are slightly higher than national averages but overall, Olean offers an affordable cost of living.