Living in Allegany, Pennsylvania
Cost of living, income, home prices, rent and demographics of Allegany · Census data 2020–2024
Allegany has 456 residents with a median age of 50.3. The median household income is $71,250 (9% lower than the Pennsylvania median), the median home value is $221,400.
Allegany is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Allegany at a glance
- Population
- 456
- Median age
- 50.3State: 40.9
- Median household income
- $71,250State: $77,971
- Median home value
- $221,400State: $254,500
- Homeowners
- 89.1%
- Bachelor's degree or higher
- 20.1%
- Average commute
- 15 min
Is Allegany a good place to live?
Pros: Home values 13% lower than the state median; an average commute of 15 minutes; unemployment of 1%; a poverty rate of 3.3%.
Cons: Median household income 9% lower than the Pennsylvania median.
The weather is best in June to September.
Cost of living in Allegany
Housing is the biggest part of the cost of living. In Allegany the median home value is $221,400, 33% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,281 a month in housing costs.
Allegany median household income
The median household income in Allegany is $71,250 and the income per person is $35,716. 3.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Allegany: homes for sale and rent
- Housing units
- 276
- Owner-occupied
- 89.1%
- Renter-occupied
- 10.9%
- Vacant
- 30.1%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.36
30.1% of homes are vacant most of the year, a sign that Allegany has many vacation and second homes.
Allegany demographics
- Population
- 456
- Median age
- 50.3
- Under 18
- 19.3%
- 65 and older
- 30.7%
- Households
- 193
- Foreign-born
- 0.2%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Allegany ›
Education in Allegany
20.1% of adults 25 and older in Allegany have a bachelor's degree or higher (Pennsylvania: 35.2%), and 7.7% have a graduate or professional degree.
Jobs and commute in Allegany
- Unemployment rate
- 1%State: 5.3%
- Average commute
- 15 minState: 26 min
- Work from home
- 15.7%
- Drive alone
- 66.7%
- Public transit
- 0%
- Walk to work
- 11.8%
- Homes with broadband
- 82.4%
Allegany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Allegany | 456 | $71,250 | $221,400 | — |
| Genesee | 682 | $69,722 | $137,500 | $733 |
| Sweden | 827 | $61,000 | $225,000 | $959 |
| Hebron | 546 | $56,563 | $161,800 | $605 |
| Oswayo | 121 | $54,219 | $106,300 | — |
| Ulysses | 532 | $34,063 | $104,200 | $800 |
| Sweden Valley | 166 | $52,083 | $207,700 | $963 |
| Bingham | 664 | $61,875 | $246,100 | — |
| Coudersport | 2,174 | $51,989 | $130,300 | $937 |
More for people moving to Allegany
Allegany ZIP code ›Weather and climate ›Living in Allegany: FAQ
What is the median household income in Allegany, PA?
The median household income in Allegany is $71,250, 9% lower than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Allegany?
The median home value in Allegany is $221,400, compared with $254,500 in Pennsylvania.
Is Allegany, PA a good place to live?
Pluses: home values 13% lower than the state median; an average commute of 15 minutes; unemployment of 1%; a poverty rate of 3.3%. Minuses: median household income 9% lower than the Pennsylvania median.
What is the median age in Allegany?
The median age in Allegany is 50.3 years (Pennsylvania: 40.9).
How long is the commute in Allegany?
The average commute to work in Allegany is 15 minutes; 15.7% of workers work from home.
What is the unemployment rate in Allegany?
The unemployment rate in Allegany is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Allegany?
20.1% of adults in Allegany 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.
Last updated: