Housing costs in Olean?
A typical home costs
$131,600, which is 61.1% less expensive than the national average of
$338,100 and 68.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Olean costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 136.1% cheaper than the state average of
$1,960.
Can I afford Olean?
To live comfortably in Olean New Y Metro Area, New York, a minimum annual income of
$25,200 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Olean?
The cost of living in the Olean, NY Metro Area is significantly lower than the national average. According to recent statistics, the Cost of Living Index for this region is 73.6 which is 26.4 points lower than the US average of 100. This lower cost of living allows those who live in and around Olean to maintain their standard of living while paying less for goods and services including housing. The median value of a house in the Olean Metro Area is $131600, which is significantly lower than the US average of $338,100.