The labor pool participation rate in Olean is 62.7%, with an unemployment rate of 5.4%. For those of you when you look at the work force, the common commute time is 16.2 minutes. 12.7% of Olean’s residents have a grad degree, and 12.3% have a bachelors degree. Among the people without a college degree, 29.3% have at least some college, 36.1% have a high school diploma, and just 9.6% possess an education lower than senior high school. 5.2% are not included in medical health insurance.
Olean, NY is located in Cattaraugus county, and has a population of 20755, and exists within the greater Buffalo-Cheektowaga-Olean, NY metro area. The median age is 41, with 10.3% regarding the residents under 10 years old, 13.1% between ten-nineteen several years of age, 11.1% of town residents in their 20’s, 13.8% in their thirties, 11.3% in their 40’s, 15.5% in their 50’s, 13.7% in their 60’s, 7.6% in their 70’s, and 3.8% age 80 or older. 49.8% of residents are male, 50.2% women. 40.3% of residents are recorded as married married, with 17.7% divorced and 35.3% never wedded. The percentage of citizens recognized as widowed is 6.7%.
The average family unit size in Olean, NY is 2.96 household members, with 51.7% being the owner of their very own residences. The mean home valuation is $79950. For those people leasing, they pay out on average $648 per month. 49.7% of households have dual sources of income, and the average household income of $41742. Median individual income is $25154. 19.9% of inhabitants are living at or below the poverty line, and 18.2% are handicapped. 8.6% of residents of the town are ex-members associated with the military.