Town of Olean — Financial Data

1,881 Population FY 2024

$650 Town-Wide Per Capita Spending All residents incl. villages FY 2025

7.2% Debt Service FY 2025

0.0 Fiscal Stress FY 2024

16.7 Env. Stress FY 2024

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

13.2% Poverty Rate 2023

20.1% Bachelor's+ Rate 2023

3.2% Unemployment Rate 2023

80.7% Homeownership Rate 2023

Median Household Income

$70,357 (2023)

2010 2023

Per Capita Income

$53,631 (2023)

2010 2023

Median Home Value

$141,700 (2023)

2010 2023

Median Gross Rent

$782 (2023)

2010 2023

Median Age

56.8 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2025

Fiscal Health

Debt Outstanding

$249,593 (2024)

2011 2024

Full Value of Taxable Property

$162,933,564 (2024)

2011 2024

Debt Service

$88,266 (2025)

1995 2025

Debt Service %

7.2% (2025)

1995 2025

Town-Wide Per Capita Spending

$650 (2025)

2010 2025

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

16.7 (2024)

2012 2024

Top Revenue Sources

Sales And Use Tax

$486,747 (2025)

1995 2025

Real Property Taxes And Assessments

$468,591 (2025)

1995 2025

State Aid

$246,423 (2025)

1995 2025

Charges For Services

$61,106 (2025)

1995 2025

Other Non Property Taxes

$27,873 (2025)

1995 2025

Top Expenditures

Transportation

$693,824 (2025)

1995 2025

General Government

$239,892 (2025)

1995 2025

Employee Benefits

$122,192 (2025)

1995 2025

Community Services

$49,426 (2025)

1995 2025

Public Safety

$24,993 (2025)

1995 2025

Financial Documents (85)

Year	Title	Type
2025	Town of Olean OSC Annual Financial Report 2025	OSC_TOWN_CSV_AFR
2024	Town of Olean OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Olean OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Olean FSMS Report 2024	FSMS_MONITORING
2023	Town of Olean Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5

View all 85 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 040360800000

School Details

Not applicable for this entity type.