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Allegany, NY Profile: Facts & Data

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Allegany, New York - Basic Facts

The Village of Allegany had a population of 1,559 as of July 1, 2025.

The primary coordinate point for Allegany is located at latitude 42.0901 and longitude -78.4942 in Cattaraugus County. The formal boundaries for the Village of Allegany encompass a land area of 0.7 sq. miles and a water area of 0.01 sq. miles. Cattaraugus County is in the Eastern time zone (GMT -5).

The Village of Allegany has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Allegany is located within Town of Allegany, a minor civil division (MCD) of Cattaraugus County.


Jump to... (On This Page!)
  1. Allegany 2025 Demographic Data
  2. Growth Rates for Allegany (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2025 Demographics
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Allegany, NY Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 1,559 (100%)
Population in Households 1,558 (99.9%)
Population in Families 1,155 (74.1%)
Population in Group Quarters1 1 ( 0.1%)
Population Density 2,011
Diversity Index2 26
 
 

INCOME

Median Household Income $69,054
Average Household Income $85,774
% of Income for Mortgage4 15%
Per Capita Income $40,605
Wealth Index5 64
Socioeconomic Status Index6 Moderate (56.8)
 

HOUSING

Total HU (Housing Units) 832 (100%)
Owner Occupied HU 517 (62.1%)
Renter Occupied HU 221 (26.6%)
Vacant Housing Units 94 (11.3%)
Median Home Value $165,428
Average Home Value $184,536
Housing Affordability Index3 133
 

HOUSEHOLDS

Total Households 738
Average Household Size 2.11
Family Households 418
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population 0.18% -0.54%
Households -0.13% -0.33%
Families   0.57%
Median Household Income   1.67%
Per Capita Income   1.87%
Owner Occupied HU   0.46%

Allegany, NY - Peer Comparisons by Rank and Percentile

The table below compares Allegany to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 717 45th
Population Density # 414 68th
Median Household Income # 871 33rd
Housing Affordability Index # 1079 83rd
Per Capita Income # 798 38th
Diversity Index # 813 37th

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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