Population 250 · Census ACS 2020–24
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Population and households in Olean
Household size in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 2.70 | 2.57 | 2.68 |
| 2010–14 | 2.67 | 2.59 | 2.73 |
| 2015–19 | 2.45 | 2.57 | 2.71 |
| 2020–24 | 2.86 | 2.54 | 2.65 |
| Change | +0.15 | −0.03 | −0.03 |
The typical household in Olean holds 2.86 people, more than the U.S. average of 2.65. Household size has climbed from 2.70 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 44.6 | 37.5 | 37.7 |
| 2010–14 | 48.4 | 38.4 | 38.6 |
| 2015–19 | 43.8 | 39.1 | 39.6 |
| 2020–24 | 43.3 | 39.3 | 40.1 |
| Change | −1.3 | +1.7 | +2.3 |
Olean skews older than the country: its median age is 43.3, against 40.1 nationally.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 9.5% | 11.8% | 12.3% |
| 2010–14 | 8.9% | 12.0% | 12.3% |
| 2015–19 | 15.4% | 11.6% | 11.6% |
| 2020–24 | 8.3% | 11.7% | 11.6% |
| Change | −1.1 pts | −0.1 pts | −0.6 pts |
Single-parent households are relatively rare in Olean: 8.3% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Olean
Renters in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 13.9% | 28.5% | 33.3% |
| 2010–14 | 11.6% | 30.5% | 35.6% |
| 2015–19 | 9.3% | 30.9% | 36.0% |
| 2020–24 | 4.6% | 29.4% | 34.8% |
| Change | −9.3 pts | +1.0 pts | +1.5 pts |
Only 4.6% of households in Olean rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 26.4% have no mortgage at all, well below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 13.7% | 11.2% | 11.4% |
| 2010–14 | 17.9% | 11.2% | 11.4% |
| 2015–19 | 11.6% | 10.9% | 11.1% |
| 2020–24 | 10.2% | 9.3% | 9.6% |
| Change | −3.5 pts | −2.0 pts | −1.8 pts |
Vacancy in Olean is close to the national rate: 10.2% of homes are empty, against 9.6%.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 1981 | 1972 | 1974 |
| 2010–14 | 1969 | 1973 | 1975 |
| 2015–19 | 1968 | 1974 | 1977 |
| 2020–24 | 1992 | 1977 | 1980 |
| Change | +10 | +5 | +6 |
Much of the housing in Olean is relatively new: half of its homes were built after 1992, compared with 1980 for the U.S. as a whole.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | $691 | $763 | $965 |
| 2010–14 | $843 | $819 | $1,040 |
| 2015–19 | $777 | $903 | $1,213 |
| 2020–24 | $903 | $1,146 | $1,571 |
| Change | +$212 | +$384 | +$606 |
A typical rental in Olean costs $903 a month with utilities, well below the national median of $1,571. Rent takes 20.2% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Olean
Bachelor's degrees in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 13.7% | 23.8% | 28.4% |
| 2010–14 | 11.1% | 24.6% | 29.6% |
| 2015–19 | 16.4% | 27.1% | 32.1% |
| 2020–24 | 28.0% | 30.0% | 35.6% |
| Change | +14.3 pts | +6.2 pts | +7.2 pts |
Nearly three in ten adults 25 and older in Olean (28.0%) have a bachelor's degree or higher, below the national share of 35.6%. Indiana as a whole looks much the same.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 87.8% | 86.5% | 84.9% |
| 2010–14 | 84.1% | 87.7% | 86.1% |
| 2015–19 | 90.9% | 88.7% | 87.7% |
| 2020–24 | 93.7% | 89.9% | 89.3% |
| Change | +5.9 pts | +3.4 pts | +4.3 pts |
High school completion in Olean is above the national rate: 93.7% of adults have a diploma, against 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Olean
| Period | Olean | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.8% | 8.4% | 8.1% |
| 2010–14 | 12.5% | 8.9% | 9.4% |
| 2015–19 | 5.5% | 4.9% | 5.6% |
| 2020–24 | 5.7% | 4.3% | 5.4% |
| Change | −2.1 pts | −4.1 pts | −2.7 pts |
Unemployment in Olean is close to the national rate: 5.7% of the labor force, against 5.4%. The rate is higher than in Indiana overall (4.3%). Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Olean compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Olean | 2.86 | 43.3 | 8.3% | 4.6% | 10.2% | 1992 | $903 | 28.0% | 93.7% | 5.7% |
| Friendship | 3.03 | 38.6 | 9.7% | 1.7% | 10.9% | 1991 | $905 | 26.3% | 97.1% | 2.1% |
| Versailles | 2.48 | 41.3 | 9.2% | 28.4% | 13.2% | 1978 | $779 | 16.8% | 87.6% | 3.2% |
| Cross Plains | 2.45 | 53.9 | 4.8% | 9.4% | 5.3% | 1995 | $916 | 34.2% | 88.1% | 11.1% |
| Farmers Retreat | 2.25 | 45.4 | 4.9% | 8.7% | 7.0% | 1959 | $956 | 31.8% | 92.1% | 2.6% |
| Correct | 2.39 | 49.5 | 7.9% | 13.8% | 16.5% | 1986 | $867 | 15.2% | 85.1% | 3.8% |
| Elrod | 2.30 | 49.1 | 11.0% | 21.4% | 4.8% | 1964 | $930 | 28.5% | 89.9% | 2.1% |
| Dillsboro | 2.39 | 46.6 | 10.6% | 17.5% | 8.3% | 1972 | $957 | 25.0% | 92.4% | 1.5% |
| Pierceville | 2.64 | 36.2 | 13.2% | 33.0% | 10.1% | 1975 | $638 | 12.4% | 88.0% | 5.7% |
| Rexville | 2.84 | 42.4 | 9.6% | 9.7% | 19.7% | 1986 | $834 | 16.1% | 89.9% | 5.9% |
| New Marion | 2.37 | 49.9 | 7.8% | 14.0% | 16.3% | 1986 | $866 | 15.2% | 84.9% | 3.7% |
All figures 2020–24.
Cities with similar populations: Pruett, IL · Paul, AL · Pearl, MI · Penton, AL · Perks, IL · Piney Ridge, NC · Piney Woods, AL · Pittsburg, IA · Plano, IN · Pleasant Valley, WA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Olean. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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