The cost of living in Olean, NY, is notably lower than the nationwide average. Housing costs 30% less, groceries are 10% cheaper, and utilities are 5% lower. This makes Olean an attractive option for those seeking affordability without sacrificing quality of life.
Transportation and miscellaneous expenses also remain competitive, with savings of 15% and 20%, respectively. Healthcare costs align with the national average, ensuring that essential services are accessible. Overall, Olean offers a balanced, cost-effective living environment.
The cost of living in Olean, New York, presents a mix of affordability and moderate expenses when compared to the nationwide average. Housing costs in Olean are notably lower, with an index of 70, which is 30% below the national average. This makes housing in Olean a more budget-friendly option for residents. Groceries, another key expense, also show a favorable comparison with an index of 90, indicating that they are 10% less expensive than the average cost across the country.
Utilities in Olean are slightly above the national average, with an index of 95, which is 5% higher. Transportation costs are also relatively close to the average, with an index of 85, meaning they are 15% lower. Healthcare costs in Olean match the national average, with an index of 100, offering no significant advantage or disadvantage. Miscellaneous expenses, with an index of 80, are 20% below the average, providing some relief in everyday spending. Overall, Olean offers a balanced cost of living with several areas where expenses are lower than the national average.
