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The total population of Olean is estimated to be 13,890 with 6,766 males (48.71%) and 7,124 females (51.29%). There are 358 more females than males in Olean.
The median household income in Olean was $46,852 in 2021, which marked an a decrease of 173(0.37%) from $47,025 in 2020. This income is 62.80% 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, Olean sees its highest median household income among householders in the age group of 45 to 64 years old, at $56,099. Overall, the median household income for the city of Olean stands at $46,852.
In Olean, the median income for all workers aged 15 years and older, regardless of work hours, was $36,229 for males and $25,317 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,669 for males and $42,314 for females.
In Olean, there are just two different racial groups among households. Among these, White households report a median household income of $48,721, while Black or African American households have a median household income of $39,435.
In 2022, the population of Olean was 13,764, a 0.35% decrease year-by-year from 2021. Previously, in 2021, Olean's population was 13,813, a decline of 0.68% compared to a population of 13,908 in 2020.
The median age in Olean, NY is 38.9, as per 2021 ACS 5-Year Estimates. Of the total population, 20.31% were under the age of 15, 16.66% aged 15 to 29, 46.25% aged 30 to 64, 14.58% aged 65 to 84, and 2.19% were 85 years of age and older.
Racial distribution of Olean population: 89.33% are White, 2.27% are Black or African American, 0.99% are American Indian and Alaska Native, 2.17% are Asian, 0.32% are some other race and 4.94% are multiracial.