Allegany County, New York: commercial real estate data.
Allegany County, New York had an estimated 47,299 residents on July 1, 2024, up 1.8 percent since the 2020 census base of 46,477, across 1,029 square miles. County output reached $1.95 bn in 2024, 731 establishments operate here, and the SBA record carries 41 7(a) approvals worth $11.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Allegany County
How many people live in Allegany County
- Population, American Community Survey 2020-202447,159
- Households17,710
- Average household size2.66
- Median household income$62,869
- Median age38.7
- Median gross rent$763 per month
- Median owner-occupied home value$101,700
- Home value to household income1.6 times
- Annual rent as a share of median income14.6 percent
- Adults 25 and over with a bachelor degree or higher24.9 percent
- Adults 25 and over with a graduate degree12.0 percent
- Adults 25 and over29,722
- Population under 189,242
- Share under 1819.6 percent
- Population 65 and over9,456
- Share 65 and over20.1 percent
- Working age population, 18 to 6428,461
- Civilian labor force20,984
- Unemployment rate7.1 percent
- Labor force participation, adults 18 and over55.3 percent
- Rank by population among New York counties49th of 62
- Rank by population among US county-equivalents, Puerto Rico included1057th of 3,222
Allegany County is the 49th largest of 62 New York counties by population. A median home costs 1.6 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 20.1 percent against 19.6 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Allegany County
Is Allegany County's population growing?
- Population, July 1, 202447,299
- Census 2020 base population46,477
- Population change since the 2020 census base1.77 percent
- Population change, 2023 to 2024-28
- Births, 2024466
- Deaths, 2024567
- Natural change, 2024-101
- Net domestic migration, 2024-10
- Net international migration, 202483
- Total net migration, 202473
- Cumulative net domestic migration, 2021 to 2024119
- Rank by growth among US county-equivalents1250th of 3,144
The county has grown 1.77 percent since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Allegany County
Where are people moving to Allegany County from?
- Tax returns filed by households arriving875
- People arriving, from those returns1,592
- Tax returns filed by households leaving890
- Net household movement-15
- Adjusted gross income arriving$43.9 m
- Net adjusted gross income movement$690,000
- Average income of an arriving household$50,142
- Average income of a leaving household$48,521
- Largest single originCattaraugus County (137 households)
- Largest single destinationCattaraugus County (126 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Cattaraugus County | 137 | 269 | $7.3 m |
| Steuben County | 103 | 184 | $4.1 m |
| Erie County | 91 | 150 | $4.3 m |
| Monroe County | 45 | 70 | $2.8 m |
| Livingston County | 35 | 62 | $1.5 m |
| Wyoming County | 28 | 48 | $1.3 m |
Households arriving report $1,621 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Cattaraugus County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Allegany County
What is the Allegany County economy?
- County GDP, 2024$1.95 bn
- County GDP, 2023$1.79 bn
- GDP change, 2023 to 20249.2 percent
- GDP change over five years20.7 percent
- Rank by GDP among the New York areas BEA publishes56th of 62
- Rank by GDP among the US county areas BEA publishes1304th of 3,127
- GDP per resident$41,450
Output grew 9.2 percent in the latest year and 20.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Allegany County
Employment by industry in Allegany County
- Covered employment, annual average13,565
- Establishments reporting911
- Average annual pay$53,004
- Average weekly wage$1,019
- Manufacturing, employment1,576
- Manufacturing, average annual pay$65,814
- Accommodation and food services, employment1,394
- Accommodation and food services, average annual pay$21,978
- Retail trade, employment1,170
- Retail trade, average annual pay$30,645
- Other services, except public administration, employment420
- Other services, except public administration, average annual pay$30,032
- Construction, employment362
- Finance and insurance, employment249
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,576 | 39 | $65,814 |
| Accommodation and food services | 1,394 | 90 | $21,978 |
| Retail trade | 1,170 | 127 | $30,645 |
| Other services, except public administration | 420 | 96 | $30,032 |
| Construction | 362 | 69 | $70,678 |
| Finance and insurance | 249 | 29 | $121,568 |
| Wholesale trade | 245 | 16 | $79,834 |
| Professional, scientific and technical services | 242 | 56 | $68,899 |
Manufacturing is the largest private sector at 1,576 jobs, 11.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Allegany County
How many businesses are in Allegany County?
- Establishments, all industries731
- Employment at those establishments10,181
- Annual payroll$420.1 m
- Establishments per 1,000 residents15.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Allegany County
Building permits in Allegany County
- Housing units authorized by permit, 202475
- Declared construction value permitted$9.6 m
- Single family units authorized75
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$127,541
- Units authorized per 1,000 households4.2
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Allegany County
SBA loans in Allegany County (7(a) and 504)
- 7(a) approvals recorded41
- 7(a) gross approval dollars$11.7 m
- Average 7(a) approval$285,363
- Median 7(a) approval$50,000
- 10th percentile approval$20,000
- 90th percentile approval$725,000
- Largest single approval$4,429,000
- Jobs reported supported, 7(a)351
- Jobs per approval8.6
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals29
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer19.5 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter32
- Franchise loans1
- Franchise share of approvals2.4 percent
- Leading industry by approval countGeneral Freight Trucking, Local (4)
- Most active lenderManufacturers and Traders Trust Company (15)
- 504 approvals recorded1
- 504 gross approval dollars$178,000
- Average 504 approval$178,000
- Median 504 approval$178,000
- Distinct CDCs active1
- 504 jobs per approval2.0
- 504 jobs per million dollars approved11.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$11.9 m
The average approval of $285,363 sits well above the median of $50,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 19.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Allegany County
SBA loan default and charge-off rates in Allegany County
Do SBA loans in Allegany County get paid back?
- Loans with a final outcome recorded10
- Paid in full9
- Charged off1
- Status: Paid in full9
- Status: Exempt from disclosure22
- Status: Cancelled6
- Status: Charged off1
- Status: Committed, not yet disbursed3
Only 10 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
SBA lending by place in Allegany County
- Borrower cities with recorded lending18
- Cuba, approvals10
- Wellsville, approvals6
- Alfred Station, approvals3
- Black Creek, approvals3
- Almond, approvals2
- Franklinville, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Cuba | 10 | $4,605,000 |
| Wellsville | 6 | $4,796,600 |
| Alfred Station | 3 | $254,900 |
| Black Creek | 3 | $165,000 |
| Almond | 2 | $225,000 |
| Franklinville | 2 | $91,100 |
| Belfast | 2 | $73,400 |
| Bolivar | 2 | $50,000 |
| 10 other borrower cities | 11 | $1,438,900 |
Cuba accounts for 10 approvals against 6 in Wellsville. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
How large is Allegany County?
- Land area1,029 sq mi
- Rank by land area among New York counties16th of 62
- Width, east to west30 mi
- Height, north to south36.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land46
- Establishments per square mile0.71
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Allegany County
Flood risk in Allegany County
- Communities in the county in the NFIP Community Status Book39
- Of those, participating in the NFIP39
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Allegany County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Allegany County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Allegany County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Allegany County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202447,159
- Households17,710
- Average household size2.66
- Median household income$62,869
- Median age38.7
Common questions
Allegany County questions, answered from the record.
How many people live in Allegany County, New York?
The Census Bureau estimates 47,299 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 47,159, in 17,710 households, ranking 49th of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Allegany County's population growing?
The population has grown 1.77 percent since the 2020 census base of 46,477, to 47,299 on July 1, 2024. In 2024 there were 466 births against 567 deaths, with net migration of 73. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Allegany County?
$62,869. The median owner-occupied home is valued at $101,700, which is 1.6 times income, and median gross rent is $763 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Allegany County?
731 establishments, employing 10,181 people with an annual payroll of $420.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Allegany County?
Manufacturing is the largest private sector at 1,576 jobs, 11.6 percent of covered employment. Covered employment averages 13,565 jobs at an average annual pay of $53,004, or $1,019 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Allegany County?
41 7(a) approvals totaling $11.7 m since FY2020, across 15 lenders, with a median approval of $50,000, plus 1 504 approvals worth $178,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Allegany County?
75 housing units were authorized by permit in 2024, with a declared construction value of $9.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Allegany County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Allegany County come from?
The largest single origin is Cattaraugus County, with 137 households. Arriving households report an average income of $50,142 against $48,521 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Allegany County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Allegany County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Allegany County
Cities and places in Allegany.
17 Census places lie wholly or partly in Allegany County. All 17 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Wellsville | village | 4,923 | 6 | Wholly in this county |
| Alfred | village | 4,819 | 1 | Wholly in this county |
| Cuba | village | 1,807 | 10 | Wholly in this county |
| Houghton | CDP | 1,728 | None recorded | Wholly in this county |
| Bolivar | village | 1,124 | 2 | Wholly in this county |
| Belmont | village | 955 | 2 | Wholly in this county |
| Andover | village | 915 | 1 | Wholly in this county |
| Scio | CDP | 727 | 1 | Wholly in this county |
| Friendship | CDP | 712 | 1 | Wholly in this county |
| Richburg | village | 650 | None recorded | Wholly in this county |
| Stannards | CDP | 642 | None recorded | Wholly in this county |
| Belfast | CDP | 633 | 2 | Wholly in this county |
| Angelica | village | 605 | None recorded | Wholly in this county |
| Fillmore | CDP | 543 | 1 | Wholly in this county |
| Canaseraga | village | 422 | 1 | Wholly in this county |
| Almond | village | 368 | 2 | 86.3 percent here, 13.7 percent Steuben County |
| Rushford | CDP | 315 | None recorded | Wholly in this county |
A further 11 of the county's 41 SBA 7(a) approvals are to borrowers in cities that match no Census place in Allegany County, the largest being Alfred Station (3), Black Creek (3), Franklinville (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.