ExecutivePulse
Official Federal Data

Allegany County, New York

FIPS 36003 · Population 47,159
9 Sources Updated June 22, 2026
$62,869
Median Income
$80,734 national
4.5%
Unemployment
4% national
$2B
GDP
24.9%
Bachelor's+
35.7% national

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$62,869
Per Capita
$29,954
Mean Household
$76,480
Poverty Rate
16.2%
Median Income Comparison
Allegany County$62,869
New York$85,974
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 20.1% (9,456 residents) 55-64: 13.2% (6,218 residents) 35-54: 20.5% (9,655 residents) 18-34: 26.7% (12,588 residents) Under 18: 19.6% (9,242 residents) 39 Median Age
Cohorts
Under 18 · 19.6%
18-34 · 26.7%
35-54 · 20.5%
55-64 · 13.2%
65+ · 20.1%
Race & Ethnicity
White93.3%
Black or African American1.6%
Asian1.4%
Hispanic or Latino(any race)2.2%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
91.7%
High School+
National: 89.6%
▲ +2.1 pts
24.9%
Bachelor's+
National: 35.7%
▼ 10.8 pts
12%
Graduate+
National: 14.1%
▼ 2.1 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
47,159
Population
20,989
Labor Force
Employed
19,492
Unemployment Rate BLS LAUS 2025 annual
4.5% ▲ +0.1 pts YoY
Mean Commute 4 min below national avg
22.8 min
Work From Home vs 15.1% national
8.8%
Key Takeaways
  • 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

$2B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Allegany County, New York, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Accommodation and Food Services
1,438 25.7%
$22,913
2Manufacturing
1,236 22.1%
$69,305
3Retail Trade
1,147 20.5%
$31,492
4Other Services (except Public Administration)
425 7.6%
$27,515
5Construction
328 5.9%
$68,677
6Finance and Insurance
253 4.5%
$145,521
7Wholesale Trade
234 4.2%
$89,813
8Professional, Scientific, and Technical Services
218 3.9%
$72,078
9Administrative and Support and Waste Management
180 3.2%
$39,772
10Arts, Entertainment, and Recreation
142 2.5%
$19,723
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Key Takeaways
  • 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.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Animal Production and Aquaculture
4.39x
103
Web Search Portals, Libraries, and Archives
3.91x
60
3.52x
70
Fabricated Metal Product Manufacturing
3.23x
401
Accommodation
2.89x
482
Wood Product Manufacturing
2.63x
92
Gasoline Stations and Fuel Dealers
2.45x
223
Religious, Grantmaking, Civic, Professional Orgs
1.93x
240
Miscellaneous Manufacturing
1.88x
100
Nonmetallic Mineral Product Manufacturing
1.81x
65

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Manufacturing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
658
Cluster Employment
3.23x
Peak LQ
Concentrated Sub-Sectors
Animal Production and Aquaculture
4.39x 103
Web Search Portals, Libraries, and Archives
3.91x 60
3.52x 70
Fabricated Metal Product Manufacturing
3.23x 401
Accommodation
2.89x 482
Wood Product Manufacturing
2.63x 92
Gasoline Stations and Fuel Dealers
2.45x 223
Religious, Grantmaking, Civic, Professional Orgs
1.93x 240
Miscellaneous Manufacturing
1.88x 100
Nonmetallic Mineral Product Manufacturing
1.81x 65

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.21x
Administrative and Support Services
155 employed
0.23x
Professional, Scientific, and Technical Services
218 employed
0.26x
Management of Companies and Enterprises
58 employed
0.42x
Merchant Wholesalers, Durable Goods
124 employed
0.47x
Credit Intermediation and Related Activities
105 employed
Key Takeaways
  • 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.
Source: BLS QCEW sub-sector Location Quotients.
Allegany County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$101,700
Median Home Value vs 2019
$763
Rent/Mo
79.3%
Owner-Occ
24.8%
Vacancy
1.6x
Home Value to Income Ratio - Affordable
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$750/mo
1 Bedroom
$754/mo
2 Bedroom
$974/mo
3 Bedroom
$1,243/mo
4 Bedroom
$1,464/mo
30% of monthly median household income (~$1,572/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • 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.
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
28,461
Working Age (18-64) vs 2019
Mean Commute 4 min below national avg
22.8 min
Work From Home vs 15.1% national
8.8%
Prime-Age Employed (25-54)
79.7%
of prime-age population
Labor force participation rate: 55.4% of working-age population (18-64) 55% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
24.9%
HS Diploma+
91.7%
Regional / Statewide Institutions
Total credentials awarded
58,559/yr
New York University 18,769/yr
University at Buffalo 9,530/yr
Cornell University 8,800/yr
Stony Brook University 8,368/yr
Syracuse University 7,300/yr
CUNY Hunter College 5,792/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
21.8%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
38%
Service
18.8%
Sales & Office
17.2%
Construction / Maint.
11%
Production / Transport
15.1%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 19,492 employed workers.
Key Takeaways
  • 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.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

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

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

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).