Cost of Living in Olean, NY
Overall index: 57 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Overall
57
↓ -43% vs US
Cost Breakdown by Category
Housing
26
↓ -74% vs US
$550 Median rent (1BR)
Transportation
105
↔ +5% vs US
$3.50 Gas price (gal)
Food
64
↓ -36% vs US
$262 Groceries / month
Utilities
63
↓ -37% vs US
$47 Utilities / month
Healthcare
63
↓ -37% vs US
$34 Doctor visit
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 26 | -74% | $550 |
| Transportation | 105 | +5% | $3.50 |
| Food | 64 | -36% | $262 |
| Utilities | 63 | -37% | $47 |
| Healthcare | 63 | -37% | $34 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Olean?
A single adult living comfortably in Olean, NY needs approximately $19,950 / year after taxes.
Already earning a salary somewhere else? Compare it directly:
Frequently Asked Questions
What is the cost of living in Olean, NY?
The overall cost of living in Olean, NY is 43% lower than the US national average (index: 57 where 100 = national average).
How much is rent in Olean, NY?
Average rent for a 1-bedroom apartment in Olean, NY is about $550/month.
Is Olean, NY expensive to live in?
No, Olean, NY is affordable (below national average).
What salary do I need to live in Olean, NY?
A single adult needs roughly $19,950/year to cover basic living costs in Olean, NY.