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Petroleum, IN

Indiana · Metropolitan Area

Petroleum is a small town in Indiana with a population of 83.

2.1 /5.0
C Fair
83 Population 1,038/sq mi density
$74,600 Home Value
50°F Avg Temperature 275 sunny days/yr
C
Overall
2.1 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Education
2.1 / 5.0
0.0% bachelor's degree or higher
Home Value $74,600
74% lower than US avg
Bachelor's+ 0.0%
100% lower than US avg
Unemployment 0.0%
100% lower than US avg
Poverty Rate 9.6%
22% lower than US avg

How Petroleum Compares to the U.S. Average (100% = U.S. avg)

People

Population83
Median Age53.2 yrs
Density1,038/mi²
Male / Female12% / 88%
Largest GroupWhite 100%
Veterans63.0%

Economy

Median IncomeN/A
Per Capita$27,331
Unemployment0.0%
Poverty9.6%
County GDP$1,577M
Commute27 min

Housing

Home Value$74,600
RentN/A
OwnershipN/A
Housing Units51
Rent Burden22.9%

Climate

Avg Temp50°F (10°C)
AQI41 (Good)
Rain40.0 in/yr
Sunny Days275/yr
Elevation858 ft (262 m)

Education

C
Bachelor's+0.0%
High School+28.6%
Graduate+0.0%
School Score6.01

Community

2024 VoteR 78% / D 20%
Commute27 min
Broadband46.0%
Libraries2

Is Petroleum a Good Place to Live?

Based on current data, Petroleum receives an overall livability score of 2.1 out of 5.0, earning a grade of C. Key strengths include low unemployment, affordable housing, abundant sunshine. Petroleum has some notable strengths but also faces challenges that prospective residents should consider.

Economy & Jobs

The job market is very strong with unemployment at just 0.0%. 9.6% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 27 minutes.

Cost of Living & Housing

The median home value in Petroleum is $74,600, 74% below the national median — offering relatively affordable homeownership.

Education

0.0% of residents hold a bachelor's degree, below the national average of 33.7%. 28.6% have completed high school. Area schools have an average test score of 6/10.

Climate & Weather

Petroleum experiences four distinct seasons with an average temperature of 50°F. Winters average 25°F in January while summers reach 73°F in July. With 275 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 40.0 inches, including 23.3 inches of snow. Air quality is rated Good with a median AQI of 41.

Petroleum has a population of 83 with a density of 1,038 people per square mile. The median age is 53.2 years, 37% older than the national median of 38.9. The city is predominantly White (100%).

Population

83
Total Population
1,038
People / sq mi
53.2yrs
Median Age
37% above US avg
0.1mi²
Land Area

Gender Distribution

Male 12%
Female 88%

Race & Ethnicity

Petroleum vs U.S. Average

Language Spoken at Home

English Only100.0%
27% above US avg
Spanish0.0%
100% below US avg

Social Characteristics

Petroleum vs U.S. Average

The median household income in Petroleum is N/A. The unemployment rate is 0.0% (below the 3.6% US average). 9.6% of residents live below the poverty line. Workers commute an average of 27 minutes.

Income: Petroleum vs U.S.

Commute Mode

Income

Per Capita Income$27,331
Avg Weekly Wage$962
IRS Avg AGI$70,980

Employment & Poverty

Unemployment0.0%
100% below US avg
Poverty Rate9.6%
22% below US avg
Establishments (County)706
County GDP$1,577M

Business (County)

Restaurants41
Healthcare63
Retail88
Manufacturing56

Tax & Cost of Living

Property Tax (IRS)$2,911
17% below US avg
Cost of Living93.30 (100=avg)
Effective Tax Rate3.90%

Commute & Transportation

Commute Time27.0 min
Drive Alone71.4%
Public Transit0.0%
Work from Home0.0%

Walkability

The median home value in Petroleum is $74,600, 74% below the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$74,600
74% below US avg

Real Estate Market (Redfin)

Rental Costs

Rent Burden22.9%

HUD Fair Market Rent

Studio$816
1 Bedroom$882
2 Bedrooms$1,096
3 Bedrooms$1,391
4 Bedrooms$1,590

Ownership & Property

Owner-Occupied100.0%
Housing Units51
Median Year Built1938

Property Tax

Avg Tax (IRS)$2,911
17% below US avg
Effective Rate3.90%
Petroleum has an average annual temperature of 50°F (10°C). Winters average 25°F in January while summers reach 73°F in July. Annual precipitation is 40.0 inches. The area enjoys 275 sunny days per year. Air quality is rated Good with a median AQI of 41.

Temperature

25°F Jan (-4°C) 73°F Jul (23°C)
Annual Average50.1°F
7% below US avg
January Average25°F (-4°C)
July Average73°F (23°C)
Sunny Days275 days/yr

Precipitation & Snow

Annual Rainfall40.0 inches
5% above US avg
Snowfall23.3 inches/yr

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation858 ft (262 m)
Area0.1 sq mi (0.2 km²)
Population Density1,038/sq mi
Coordinates40.6126°N, 85.1527°W
TimezoneAmerica/Indiana/Indianapolis
County FIPS18179
It is classified as Metro — 250K–1M. 0.0% of residents hold a bachelor's degree or higher (100% below US avg). In the 2024 election, the county voted Republican by a 57.9-point margin. 46.0% of households have broadband internet.

2024 Presidential Election (County)

R 78.1%
D 20.2%

Winner: Republican by 57.9 points

Education

Bachelor's Degree+0.0%
100% below US avg
High School+28.6%
Graduate Degree+0.0%
School Test Score6.01
C Education Grade (2.1/5.0)

Urban-Rural Classification

RUCC Code 2Metro — 250K–1M
Population Density1,038/sq mi
Total Area0.1 sq mi

Infrastructure & Services

Broadband Access46.0%
Public Libraries2
Healthcare Facilities63
Restaurants41
Retail Stores88

Safety & Disasters

Fatal Crashes (County/yr)2

Commute & Transportation

Avg Commute27.0 min
Drive Alone71.4%
Public Transit0.0%
Work from Home0.0%

Nearby Cities

Montpelier, IN 1,444 pop · 8.3 mi Bluffton, IN 10,539 pop · 9.1 mi Berne, IN 3,906 pop · 10.8 mi Portland, IN 6,341 pop · 15.0 mi Warren, IN 1,205 pop · 15.2 mi Hartford City, IN 5,685 pop · 16.0 mi Dunkirk, IN 1,760 pop · 16.7 mi Markle, IN 1,154 pop · 18.0 mi Redkey, IN 1,451 pop · 18.3 mi Ossian, IN 3,342 pop · 18.3 mi Decatur, IN 9,769 pop · 19.0 mi Upland, IN 3,935 pop · 21.0 mi Albany, IN 2,984 pop · 21.6 mi Eaton, IN 1,656 pop · 22.5 mi
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