This data is based on ZIP code 14760.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Olean ZIP Area Economy · 2023
Wages +12% vs. avg. Cattaraugus Co. town
Olean's ZIP area supports 8,728 jobs across 558 businesses, with workers earning an average of $52K per year, 12% above the Cattaraugus County average. The economy is well-diversified (0.85 index), led by retail trade and healthcare. 83% of businesses have fewer than 20 employees, and each business employs an average of 15.6 people. Jobs declined 2.9% from the prior year while business count declined 0.5%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Cattaraugus Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
558 businesses by employee count. 83% are small businesses (under 20 employees).
Small (10-19)
Micro (<5)
Small (5-9)
Medium (20-49)
Medium (50-99)
Large (100-249)
Major (250-499)
Economic Densityi
0.64
jobs per resident
15.6
employees per business
County avg: 13.5+16%
$33K
payroll per resident
$821K
payroll per business
Olean ZIP Area vs. Avg. Cattaraugus Co. Towni
All Industries in ZIP Areai
| Sector | Olean ZIP | Avg. Cattaraugus Co. | Spec. |
|---|---|---|---|
| Retail Trade | 119 | 22 | 1.1x |
| Healthcare | 91 | 14 | 1.3x |
| Food & Accommodation | 71 | 15 | 0.9x |
| Other Services | 61 | 14 | 0.9x |
| Professional Services | 37 | 7 | 1.0x |
| Finance & Insurance | 30 | 5 | 1.2x |
| Construction | 27 | 9 | 0.6x |
| Wholesale Trade | 23 | 3 | 1.5x |
| Manufacturing | 19 | 4 | 0.9x |
| Admin Services | 17 | 4 | 0.8x |
| Information | 15 | 2 | 1.5x |
| Real Estate | 15 | 3 | 1.0x |
| Management | 8 | 1 | 1.6x |
| Transportation | 7 | 2 | 0.7x |
| Education | 7 | 1 | 1.4x |
| Arts & Entertainment | 6 | 2 | 0.6x |
| Utilities | 4 | 0 | — |