Compare towns

Olean vs Panama

Cost, people, housing, commute and schools, side by side, each benchmarked against New York.

What stands out worked out from the figures below

Olean has the most kids (23.5% under 18).
Panama has the most expensive homes ($105k median).

What matters to you?

Pick a few. We’ll pull those rows to the top and mark which town comes out ahead on each. There’s no overall score: what matters is up to you.

MeasureOleanPanama
People
Population
13,738Highest
451Lowest
Growth since 20102010 → 2020 census
-3.6%
NY: +4.2%
—
Median age
39±2.6Lowest
about the NY average
46.6±6.9Highest
17% above NY
Panama and Olean are within the Census margin of error here, so we can’t say which is really higher.
Kids under 18
23.5%±2.9Highest
NY: 20.5%
12.4%±3.1Lowest
NY: 20.5%
Age 65+
19.1%±2.5Lowest
NY: 17.9%
23.3%±6.3Highest
NY: 17.9%
Panama and Olean are within the Census margin of error here, so we can’t say which is really higher.
Bachelor’s degree+adults 25+
29.9%Highest
NY: 40.2%
19.9%Lowest
NY: 40.2%
Enrolled in collegeshare of residents
3.6%±1.1Lowest
NY: 7%
4.7%±2.8Highest
NY: 7%
Panama and Olean are within the Census margin of error here, so we can’t say which is really higher.
Cost of living
Household incomemedian
$51,261±$7kLowest
40% below NY
$60,865±$8kHighest
29% below NY
Panama and Olean are within the Census margin of error here, so we can’t say which is really higher.
Home valuemedian, owner-occupied
$86,100±$6kLowest
80% below NY
$105,400±$14kHighest
75% below NY
Panama and Olean are within the Census margin of error here, so we can’t say which is really higher.
Rentmedian gross, monthly
$794±$52Highest
51% below NY
$785±$43Lowest
52% below NY
Olean and Panama are within the Census margin of error here, so we can’t say which is really higher.
Property taxmedian, yearly
$3,130Highest
52% below NY
$2,500Lowest
62% below NY
Renters paying 30%+of income on rent
52%±9.1Highest
NY: 52.1%
41.9%±24.1Lowest
NY: 52.1%
Olean and Panama are within the Census margin of error here, so we can’t say which is really higher.
Below poverty line
26.7%Highest
NY: 14%
12.9%Lowest
NY: 14%
Housing
Homeownersof occupied homes
55.1%Lowest
NY: 54.3%
55.3%Highest
NY: 54.3%
Typical home builtmedian year
1938Lowest
21 yrs older than NY
1965Highest
6 yrs newer than NY
Getting to work
Average commuteone way
14 minLowest
56% below NY
24 minHighest
27% below NY
Work from home
8.4%±2.6Highest
NY: 14.9%
4.9%±2.9Lowest
NY: 14.9%
Olean and Panama are within the Census margin of error here, so we can’t say which is really higher.
Schools
Public school scoresrank in state, math + reading #337 of 484 in NY —
School district OLEAN CITY SCHOOL DISTRICT —
High school in town OLEAN SENIOR HIGH SCHOOL —
Students per teacherat that high school
12.2
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On TownTapestry
Old photos in History None yet None yet

NY average · Sources: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024; 2010 & 2020 decennial census; NCES Common Core of Data. “±” is the Census margin of error. Property tax is top-coded by the Census at $10,000+. School rank compares math and reading proficiency against the state average.