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The total population of Olean town is estimated to be 1,908 with 975 males (51.10%) and 933 females (48.90%). There are 42 less females than males in Olean town.
The median household income in Olean town was $74,313 in 2021, which marked an an increase of 5,638(8.21%) from $68,675 in 2020. This income is 99.61% 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 town sees its highest median household income among householders in the age group of 45 to 64 years old, at $91,684. Overall, the median household income for the town of Olean town stands at $74,313.
In Olean town, the median income for all workers aged 15 years and older, regardless of work hours, was $45,978 for males and $25,802 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,862 for males and $55,301 for females.
In Olean town, there are just two different racial groups among households. Among these, White households report a median household income of $76,369, while Two or More Races households have a median household income of $73,563.
In 2022, the population of Olean town was 1,863, a 0.48% decrease year-by-year from 2021. Previously, in 2021, Olean town's population was 1,872, a decline of 0.53% compared to a population of 1,882 in 2020.
The median age in Olean Town, New York is 51.6, as per 2021 ACS 5-Year Estimates. Of the total population, 12.94% were under the age of 15, 13.66% aged 15 to 29, 48.20% aged 30 to 64, 24.04% aged 65 to 84, and 1.17% were 85 years of age and older.
Racial distribution of Olean town population: 96.78% are White, 0.22% are Black or African American, 0.83% are American Indian and Alaska Native and 2.17% are multiracial.