Olcott, New York Demographics & Population 2026
During the 2020–2024 ACS period, Olcott, New York had a total population of 527, the 1046th largest community in New York, with a median household income of $87,833, which is 2% higher than the state average. The poverty rate is 8.2%.
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 1.8%.
Olcott Quick Facts
How Olcott 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 | 821 | 527 | -35.8% |
| Median household income | $74,970 | $87,833 | +17.2% |
| Median home value | $162,100 | $200,000 | +23.4% |
How Olcott 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+)
Olcott Rankings in New York
Explore New York Rankings
Other Cities in Niagara County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Niagara Falls | 47,987 | $49,101 | 23.7% | $115,300 |
| North Tonawanda | 30,198 | $66,961 | 12.4% | $197,200 |
| Lockport | 20,610 | $62,410 | 15.2% | $139,900 |
| South Lockport | 9,144 | $56,166 | 14.6% | $163,600 |
| Newfane | 3,938 | $77,096 | 13.0% | $151,700 |
| Lewiston | 2,588 | $73,821 | 5.9% | $238,100 |
| Middleport | 1,987 | $67,375 | 7.6% | $115,400 |
| Youngstown | 1,758 | $81,369 | 5.3% | $216,100 |
| Rapids | 1,655 | $121,875 | 5.0% | $294,700 |
| Sanborn | 1,573 | $82,122 | 2.1% | $235,600 |
Cities Similar to Olcott
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Cato | 515 | $82,292 | $163,300 | 14.5% | 9.5% |
| Leicester | 499 | $86,667 | $146,500 | 28.4% | 5.7% |
| Newport | 491 | $86,750 | $156,300 | 19.6% | 9.4% |
| Chestertown | 499 | $83,750 | $210,000 | 31.4% | 7.4% |
| Odessa | 508 | $80,385 | $158,600 | 27.4% | 9.7% |
A note before these figures: with a population of 527, Olcott's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Olcott is a small community located in New York, within Niagara County. The total population is 527. It ranks as the 1046th most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Olcott is 52.2 years. This is 31% higher than the state median of 39.8 years. Only 12.7% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Olcott is $87,833. This is 2% higher than the state median of $85,974. It is also 9% higher than the national median of $80,734. The poverty rate stands at 8.2%. This is 42% lower than the state poverty rate of 14.0%. The unemployment rate is 1.8%. This is 73% lower than the state rate of 6.4%. The median home value is $200,000. Housing costs are 53% lower than the state median of $423,800. With a home-value-to-income ratio of just 2.3x, Olcott is one of the most affordable housing markets in the area. 88.1% of occupied housing units are owner-occupied. This homeownership rate is 62% higher than the state average of 54.4%.
Race & Ethnicity
Olcott has a predominantly White (non-Hispanic) population, comprising 88.2% of all residents. Hispanic or Latino residents account for 7.4%. The White (non-Hispanic) population is significantly higher than the state average (88.2% vs 52.8%). The Hispanic or Latino population (7.4%) is well below the state average of 19.8%.
Education
33.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 17% lower 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 93.3%. Notably, 21.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Olcott, 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 Olcott, New York?
Olcott, New York has a population of 527 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Olcott, NY?
The median household income in Olcott is $87,833, which is 9% higher than the national median of $80,734.
What is the poverty rate in Olcott, NY?
The poverty rate in Olcott is 8.2%. This means approximately 43 residents live below the federal poverty line.
What is the racial makeup of Olcott, New York?
Olcott's population is 88.2% White, 0.0% Black, 7.4% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Olcott, NY?
The median home value in Olcott is $200,000. The home-value-to-income ratio is 2.3x.
How educated is Olcott, New York?
33.6% of adults (25+) in Olcott hold a bachelor's degree or higher, and 21.8% hold a graduate or professional degree.