At a Glance
Median Income
$52,688
$30,848 per capita
Home Value
$66,600
Zillow: $91,387
Median Rent
$799/mo
31.2% of income on rent
Bachelor's Degree+
17.7%
88.7% high school+
Unemployment
6.7%
13.9% poverty rate
Obesity Rate
37.1%
27.6% smoking rate
How Oil City Compares to the U.S. Average
Each bar shows Oil City's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Oil City a Good Place to Live?
B
3.4 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Oil City residents earn a median household income of $52,688 , which is 30% below the national average of $75,149.
Per capita income is $30,848. The unemployment rate stands at 6.7% (86% above the U.S. rate of 3.6%). 13.9% of residents live below the poverty line. The area is home to 1,208 business establishments, including 104 restaurants.
Housing & Cost of Living
The median home value in Oil City is $66,600 , 76% below the national median of $281,900.
Zillow estimates the typical home at $91,387. Median rent is $799/month, with 31.2% of renters spending more than 30% of income on housing. The cost of living index is 97.6 (100 = national average). The median home was built in 1938.
Education
17.7% of adults in Oil City hold a bachelor's degree or higher
(47% below the national average).
88.7% have completed high school. Local schools score 5.5/10 in standardized testing.
Climate & Weather
Oil City has an average annual temperature of 49°F (9°C).
Winters average 26°F in January while summers reach 71°F in July. Annual precipitation totals 46.3 inches.
Data Overview
People
Population9,517
Median Age42.5 yrs
Density2,120/mi²
Male / Female50% / 50%
Foreign Born0.9%
Veterans9.8%
Economy
C+
Median Income$52,688
Per Capita$30,848
Unemployment6.7%
Poverty13.9%
County GDP$2,149M
Avg Weekly Wage$948
Housing
A+
Home Value$66,600
Rent$799
Ownership61.4%
Zillow$91,387
Housing Units4,787
Rent Burden31.2%
Health
Obesity37.1%
Diabetes11.5%
Smoking27.6%
Heart Disease7.4%
Premature Death10,820/100K
Climate
Avg Temp49°F
Rain46.3 in/yr
Elevation1,019 ft
Education
C
Bachelor's+17.7%
High School+88.7%
Graduate+6.0%
School Score5.5/10
Community
2024 VoteR 71% / D 29%
Commute20 min
Broadband88.6%
Internet Speed115 Mbps
EV Stations1
Libraries3
Did You Know?
Oil City was founded in 1824.
The median home in Oil City was built in 1938.
The nearest airport is Venango Regional (9 miles).
The Gini coefficient (income inequality) is 0.420 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
18.8% of the population has a disability.
Average internet download speed is 115 Mbps.
There are 104 restaurants in the area.
The county recorded 7 fatal vehicle crashes.