Allegany County, New York
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Population Profile
Educational Attainment
Employment Overview
- Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
- Elevated poverty: At 16.2%, the rate is in economically distressed territory and supports federal funding narratives (CDFI, NMTC, EDA).
- Talent gap: Bachelor's-or-higher attainment trails the national average by 10.8 pts, relevant for advanced-services attraction strategy.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
- Largest sector: Accommodation and Food Services employs 1,438 workers (25.7% of tracked sectors), at an average wage of $22,913.
- Economic scale: Regional GDP of $2B (2024).
- Wage stratification: Finance and Insurance averages $145,521 while Arts, Entertainment, and Recreation averages $19,723, a 7.4x spread in the same local economy, with implications for workforce development and talent strategy.
EP customers get year-over-year deltas, WARN notices, and SEC filings for every sector tracked above, surfaced as proactive alerts, not after-the-fact news.
Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Attraction Opportunities
- Top specialization: Animal Production and Aquaculture concentrates at 4.39x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
- Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 6 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
HUD Fair Market Rents
- Affordable market: Home value to income ratio of 1.6x is well below the ~4.1x national average; supports talent attraction and family settlement narratives.
- High home ownership: 79.3% owner-occupied; rental supply may be tight for incoming workers.
- Elevated vacancy: 24.8% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
- Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,572/mo), a clear cost-of-living advantage for workforce attraction.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Education & Talent Pipeline
Aging Workforce
Workforce by Occupation
- Low participation: 55.4% labor force participation suggests untapped capacity; workforce development programs may unlock supply.
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 37,099 annual credentials.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Allegany County shows meaningful potential for animal production and aquaculture attraction, with a 4.39x concentration and 103 jobs in this sub-sector.
The interconnected base across animal production and aquaculture, web search portals, libraries, and archives, and creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Prospect Match Scores
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Schedule a DemoData Sources
Updated from official federal government data.
Frequently Asked Questions
Key economic and demographic figures for Allegany County, New York, from federal data sources.
What is the population of Allegany County, New York?
47,159 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Allegany County, New York?
$62,869 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Allegany County, New York?
4.5% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Allegany County, New York?
$2B (U.S. Bureau of Economic Analysis, CAGDP1).
