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The total population of Allegany is estimated to be 1,867 with 1,023 males (54.79%) and 844 females (45.21%). There are 179 less females than males in Allegany.
The median household income in Allegany was $67,065 in 2021, which marked an a decrease of 145(0.22%) from $67,210 in 2020. This income is 89.89% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Allegany sees its highest median household income among householders in the age group of 25 to 44 years old, at $106,875. Overall, the median household income for the village of Allegany stands at $67,065.
In Allegany, the median income for all workers aged 15 years and older, regardless of work hours, was $36,549 for males and $34,679 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,172 for males and $55,636 for females.
In Allegany, population is primarily represented by White households, reporting a median income of $65,905.
In 2022, the population of Allegany was 1,571, a 0.57% decrease year-by-year from 2021. Previously, in 2021, Allegany's population was 1,580, a decline of 0.63% compared to a population of 1,590 in 2020.
The median age in Allegany, NY is 37.9, as per 2021 ACS 5-Year Estimates. Of the total population, 16.03% were under the age of 15, 23.86% aged 15 to 29, 39.62% aged 30 to 64, 18.02% aged 65 to 84, and 2.47% were 85 years of age and older.
Racial distribution of Allegany population: 96.32% are White, 0.63% are Black or African American, 1.10% are Asian and 1.94% are multiracial.