Allegany is located in west New York. Allegany is part of Cattaraugus County. Allegany has 0.71 square miles of land area and 0.01 square miles of water area. As of 2010-2014, the total Allegany population is 1,868, which has shrunk 0.80% since 2000. The population growth rate is lower than the state average rate of 3.26% and is much lower than the national average rate of 11.61%. Allegany median household income is $45,313 in 2010-2014 and has grown by 29.47% since 2000. The income growth rate is lower than the state average rate of 35.25% and is higher than the national average rate of 27.36%. Allegany median house value is $107,100 in 2010-2014 and has grown by 35.40% since 2000. The house value growth rate is much lower than the state average rate of 90.79% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Allegany is better than the state average in quality. The Allegany area code is 716.