Olean, NY Metro Area is an affordable and interesting place to live. Its 2 bedroom rent is only $830 compared to the US average of $1,430, and its grocery cost index also stands at 97 versus the national average of 100. This makes it an attractive option for those looking for a more budget-friendly lifestyle. The area provides plenty of entertainment opportunities with local companies such as Olean Orthopedic Surgery & Sports Medicine, Weathervane Catering Company, and Maple City Stables offering services and activities to local residents. There are also some exciting annual events such as the St. Bonaventure University Homecoming Parade and the Genesee Valley Hunt Horse Show taking place in Olean each year. With so much to do and explore, Olean Metro Area is the perfect destination for anyone looking for a fresh start.
Olean Metro Area has an unemployment rate of 7.2%. The US average is 6.0%.
Olean Metro Area 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 Metro Area
- The Sales Tax Rate for Olean Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Olean Metro Area 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 Metro Area
- The average income of a Olean Metro Area resident is $22,486 a year. The US average is $28,555 a year.
- The Median household income of a Olean Metro Area resident is $53,537 a year. The US average is $69,021 a year.