Olean, NY is an inviting city located in Cattaraugus County. It offers many appealing amenities such as low rent of $820 for 2 bedrooms and a Grocery Cost Index of 95 compared to 100 in the US. Olean is also home to several exciting attractions like the Good Times of Olean entertainment complex and St. Bonaventure University. Local businesses, like Olean Wholesale Grocers, offer quality products at competitive prices. All in all, living in Olean can be an affordable and enjoyable experience for those looking for a small city feel close to nature with plenty of cultural activities.
Olean has an unemployment rate of 7.2%. The US average is 6.0%.
Olean has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.
Tax Rates for Olean
- The Sales Tax Rate for Olean is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Olean is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Olean
- The average income of a Olean resident is $25,403 a year. The US average is $28,555 a year.
- The Median household income of a Olean resident is $43,345 a year. The US average is $69,021 a year.