Living in Olcott, New York
Cost of living, income, home prices, rent and demographics of Olcott · Census data 2020–2024
Olcott has 527 residents with a median age of 52.2. The median household income is $87,833 (about the same as the New York median), the median home value is $200,000.
Olcott is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Olcott at a glance
- Population
- 527
- Median age
- 52.2State: 39.8
- Median household income
- $87,833State: $85,974
- Median home value
- $200,000State: $423,800
- Homeowners
- 88.1%
- Bachelor's degree or higher
- 33.6%
- Average commute
- 26 min
Is Olcott a good place to live?
Pros: Median household income about the same as the New York median; home values 53% lower than the state median; an average commute of 26 minutes; unemployment of 1.8%; a poverty rate of 8.2%.
The weather is best in May–June and August–September.
Cost of living in Olcott
Housing is the biggest part of the cost of living. In Olcott the median home value is $200,000, 40% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,455 a month in housing costs.
Olcott median household income
The median household income in Olcott is $87,833 and the income per person is $67,802. 8.2% of residents live below the poverty line (New York: 14%).
Housing in Olcott: homes for sale and rent
- Housing units
- 526
- Owner-occupied
- 88.1%
- Renter-occupied
- 11.9%
- Vacant
- 52.1%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.09
52.1% of homes are vacant most of the year, a sign that Olcott has many vacation and second homes.
Olcott demographics
- Population
- 527
- Median age
- 52.2
- Under 18
- 12.7%
- 65 and older
- 18.6%
- Households
- 252
- Foreign-born
- 5.1%
- Veterans
- 12%Adults 18+
Hispanic or Latino can be of any race. Population history of Olcott ›
Education in Olcott
33.6% of adults 25 and older in Olcott have a bachelor's degree or higher (New York: 40.2%), and 21.8% have a graduate or professional degree.
Jobs and commute in Olcott
- Unemployment rate
- 1.8%State: 6.4%
- Average commute
- 26 minState: 33 min
- Work from home
- 5.4%
- Drive alone
- 79.5%
- Public transit
- 0%
- Walk to work
- 5.4%
- Homes with broadband
- 91.3%
Olcott vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olcott | 527 | $87,833 | $200,000 | — |
| Newfane | 3,938 | $77,096 | $151,700 | $828 |
| Wilson | 1,379 | $60,639 | $172,700 | $768 |
| Lockport | 20,610 | $62,410 | $139,900 | $945 |
| Ransomville | 1,564 | $83,400 | $218,200 | $900 |
| Gasport | 1,212 | $74,816 | $166,600 | — |
| South Lockport | 9,144 | $56,166 | $163,600 | $711 |
| Middleport | 1,987 | $67,375 | $115,400 | $770 |
| Sanborn | 1,573 | $82,122 | $235,600 | $1,049 |
More for people moving to Olcott
Olcott ZIP code ›Weather and climate ›Living in Olcott: FAQ
What is the median household income in Olcott, NY?
The median household income in Olcott is $87,833, about the same as the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Olcott?
The median home value in Olcott is $200,000, compared with $423,800 in New York.
Is Olcott, NY a good place to live?
Pluses: median household income about the same as the New York median; home values 53% lower than the state median; an average commute of 26 minutes; unemployment of 1.8%; a poverty rate of 8.2%.
What is the median age in Olcott?
The median age in Olcott is 52.2 years (New York: 39.8).
How long is the commute in Olcott?
The average commute to work in Olcott is 26 minutes; 5.4% of workers work from home.
What is the unemployment rate in Olcott?
The unemployment rate in Olcott is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olcott?
33.6% of adults in Olcott have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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