Allegany, NY Profile: Facts & Data

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 elevation is 1,421 feet.

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.

Allegany, NY Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	1,544 (100%)
Population in Households	1,254 (81.2%)
Population in Families	963 (62.4%)
Population in Group Quarters¹	290 (18.8%)
Population Density	1,991
Diversity Index²	22


INCOME
Median Household Income	$63,083
Average Household Income	$89,868
% of Income for Mortgage⁴	10%
Per Capita Income	$36,870
Wealth Index⁵	81

HOUSING
Total HU (Housing Units)	833 (100%)
Owner Occupied HU	484 (58.1%)
Renter Occupied HU	255 (30.6%)
Vacant Housing Units	94 (11.3%)
Median Home Value	$123,480
Average Home Value	$136,284
Housing Affordability Index³	221

HOUSEHOLDS
Total Households	739
Average Household Size	1.70
Family Households	430
Average Family Size	2.00

NOTES

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.
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.
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.
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).
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.

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, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	0.00%	-0.13%
Households	-0.24%	-0.05%
Families		-0.09%
Median Household Income		3.01%
Per Capita Income		2.15%
Owner Occupied HU		0.25%

Variable Description	Rank	Percentile
Total Population	# 716	45th
Population Density	# 422	67th
Median Household Income	# 839	35th
Housing Affordability Index	# 1160	90th
Per Capita Income	# 762	41st
Diversity Index	# 901	31st

Allegany, NY Profile: Facts & Data

Allegany, New York - Basic Facts

Allegany, NY Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Allegany, NY - Peer Comparisons by Rank and Percentile

Allegany, NY - Most Popular Things to Do

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Cattaraugus County