Cost of Living in Olean, NY
Housing
The housing market plays a significant role in determining the cost of living in Olean, NY.
- Housing Index: 90.0 / 100
- Median Home Price is: $146,500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1150 per month
Considering a move to Olean, NY? With a housing index of 90.0, it indicates a relatively affordable market compared to the national norm. The median home price is a manageable 146500, offering good investment potential for buyers. Renters can expect to pay about 1200 for a 2-bedroom apartment or 1150 for a 2-bedroom house, making this a feasible option for families or young professionals. Remember, the overall cost of living and job opportunities are also crucial factors to consider when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Olean, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Olean, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Olean is a financially viable option for your relocation.