Allegany, New York Demographics & Population 2026
During the 2020–2024 ACS period, Allegany, New York had a total population of 1,740, the 681st largest village in New York, with a median household income of $70,625, which is 18% lower than the state average. The poverty rate is 16.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.3x.
- Near full employment with an unemployment rate of just 2.3%.
Allegany Quick Facts
How Allegany Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,773 | 1,740 | -1.9% |
| Median household income | $73,802 | $70,625 | -4.3% |
| Median home value | $152,000 | $164,100 | +8.0% |
How Allegany Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Allegany Rankings in New York
Explore New York Rankings
Other Cities in Cattaraugus County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Olean | 13,738 | $51,261 | 26.7% | $86,100 |
| Salamanca | 5,846 | $41,667 | 24.4% | $80,900 |
| St. Bonaventure | 1,976 | N/A | 19.3% | $125,300 |
| Franklinville | 1,938 | $72,115 | 15.2% | $97,100 |
| Weston Mills | 1,431 | $79,712 | 7.8% | $155,300 |
| Delevan | 1,275 | $64,194 | 16.7% | $116,300 |
| Little Valley | 1,243 | $44,655 | 28.2% | $101,200 |
| Yorkshire | 1,138 | N/A | 33.1% | N/A |
| Cattaraugus | 1,034 | $60,341 | 14.3% | $71,200 |
| Randolph | 953 | $75,571 | 10.2% | $94,300 |
Cities Similar to Allegany
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Greenwich | 1,689 | $71,111 | $209,500 | 36.0% | 9.1% |
| Oakfield | 1,659 | $69,500 | $150,800 | 21.5% | 14.1% |
| Trumansburg | 1,665 | $68,967 | $287,000 | 49.8% | 9.3% |
| Clintondale | 1,784 | $76,071 | $318,900 | 32.7% | 2.6% |
| Frewsburg | 1,792 | $75,536 | $142,800 | 20.9% | 8.4% |
Population Overview
Allegany is a small community located in New York, within Cattaraugus County. The total population is 1,740. It ranks as the 681st most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Allegany is 39.0 years. This is 2% lower than the state median of 39.8 years.
Economy, Income & Housing
The median household income in Allegany is $70,625. This is 18% lower than the state median of $85,974. It is also 13% lower than the national median of $80,734. The poverty rate stands at 16.6%. This is 19% higher than the state poverty rate of 14.0%. The unemployment rate is 2.3%. This is 64% lower than the state rate of 6.4%. The median home value is $164,100. Housing costs are 61% lower than the state median of $423,800. With a home-value-to-income ratio of just 2.3x, Allegany is one of the most affordable housing markets in the area. 65.6% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 54.4%.
Race & Ethnicity
Allegany has a predominantly White (non-Hispanic) population, comprising 86.1% of all residents. Asian residents account for 5.1%. The White (non-Hispanic) population is significantly higher than the state average (86.1% vs 52.8%). The Black or African American population (0.3%) is well below the state average of 13.4%. The Hispanic or Latino population (1.8%) is well below the state average of 19.8%.
Education
45.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% higher than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.2%. Notably, 25.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Allegany, New York is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Allegany, New York?
Allegany, New York has a population of 1,740 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Allegany, NY?
The median household income in Allegany is $70,625, which is 13% lower than the national median of $80,734.
What is the poverty rate in Allegany, NY?
The poverty rate in Allegany is 16.6%. This means approximately 289 residents live below the federal poverty line.
What is the racial makeup of Allegany, New York?
Allegany's population is 86.1% White, 0.3% Black, 1.8% Hispanic/Latino, and 5.1% Asian.
What is the median home value in Allegany, NY?
The median home value in Allegany is $164,100. The home-value-to-income ratio is 2.3x.
How educated is Allegany, New York?
45.3% of adults (25+) in Allegany hold a bachelor's degree or higher, and 25.9% hold a graduate or professional degree.