Olean, NY Utility & Living Guide

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Olean, NY Utility & Living Guide

Olean offers a charming small-town atmosphere with easy access to outdoor recreation in the Allegheny Mountains.

Last updated: June 25, 2026
Total Utilities$305/mo
1BR Rent$1200/mo
Sales Tax7.5%
COL Index105 (+5% above national average)
Family Score6/10
Median Home$320,000
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⚠️ Natural Hazard History — Olean
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$120/mo

National Grid
🔥 Gas

$50/mo

N/A - Electric only
💧 Water

$45/mo

Olean City Water Department
🗑️ Garbage

$25/mo

Olean Department of Public Works
📶 Internet

$65/mo

Combined Average Overhead $305/month

Housing Market

Rent & Property
1 Bedroom$1200/mo
2 Bedrooms$1600/mo
3 Bedrooms$2100/mo
Median Home Price$320,000
Property Tax Rate1.2%
Avg Childcare/mo$1000

Olean’s housing market is stable with moderate prices compared to national averages. Demand is steady for single-family homes, with some older properties needing renovation.

Cost of Living

Overall COL Index

105

US national avg = 100
vs National Avg

+5% above national average

Groceries

102

Transportation

98

Healthcare

100

Childcare/mo

$1000

Tax Rates

Tax Overview
Total Sales Tax7.5%
Property Tax Rate1.2%
<p>State 4% + County 3% + City 0.5%</p>

New York State has progressive income tax rates ranging from 4% to 8.82% based on income brackets.

Family & Relocation

Family Vibe Score
6/10
Safety Index

50

Higher = safer
School Rating

6.5/10

GreatSchools avg
Avg Childcare

$1000/mo

City Pulse

Population Trend
-0.5% (declining)
Political Climate
Purple description
Business Momentum
Moderate with key industries in healthcare, education, and manufacturing
Top Local Concerns
Job opportunities, infrastructure maintenance, healthcare access
🚌 Transit for Families

Limited public transit; most families rely on personal vehicles. Sidewalks are available in downtown areas.

🎡 Top Kid Attractions
  • 🎯
    Rock City Park
  • 🎯
    Pfeiffer Nature Center
  • 🎯
    Olean Public Library

Best Neighborhoods for Families

North Olean offers newer developments with good schools. The East Side has walkable neighborhoods near parks.

Household Budget Calculator

Estimate your real monthly cost of living in Olean based on your household profile.

Local Briefing & Neighborhood Pulse

Live Local News

Residents must obtain permits for home renovations. Snow removal is required within 24 hours of snowfall.

Olean is seeing growth in healthcare and education sectors. Local manufacturing is stabilizing after pandemic declines.

Financial Tools

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📊 Olean — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

💰 Median Household Income
$43,345
👤 Median Age
38.9
🏠 Homeownership Rate
50.9%
🔑 Renter Rate
49.1%
📉 Poverty Rate
23.5%
💼 Unemployment Rate
8.8%
📡 Internet Access
82.3%
🎓 College Educated
23.0%

☀️ Seasonal Utility Costs

Winter heating costs can double electric bills due to cold temperatures. Summer sees moderate AC use with 20-30% higher electric costs.

🏛️ Local Tax Details

Key ZIP code level tax info: Olean (14760) has a millage rate of 12.45. No local surtaxes beyond standard county rates.

👶 Family & Stroller Friendliness

6/10 with explanation: Downtown has decent sidewalks but hilly terrain. Limited elevator access in public buildings. Good park access in residential areas.

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