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Olcott, a small town in New York, has a population of just over 1,000. Young adults aged 15-24 can expect to feel right at home, as they account for an above-average 20% of the community, while young professionals are less well-represented. With an average age of just under 44, the town's residents skew older than most cities in New York. Only 25% of residents rent in Olcott, as home ownership is common in the area. Renters in the town benefit from a relatively low average rent of $789 a month, which is $491 per month less than the state average.
Workers are spread across a plethora of industries in Olcott, the most common four of which are healthcare, entertainment, construction, and manufacturing. Together, these industries make up 33% of the workforce in the town. Olcott workers bring in an average annual income of about $59K, less than the average New York resident. Olcott's average income also falls below the national average of $73,345. Compared to the national average (19%), Olcott has a relatively large concentration of residents over the age of 25 who have earned a Bachelor's or Associate's degree (24%). Furthermore, 1% possess a Master's degree or Doctorate.
Averaging about 33 minutes, the commute time for Olcott residents is longer than nearly 70% of cities in New York. Many residents (46%) drive to work, while public transit is not used. Walking isn't a common means of commuting to work.
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