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Petroleum, IN

Full City Profile · Indiana · Wells County County

2.0 /5.0
C Fair
83 Population 1,038/sq mi density
$74,600 Home Value $222,558 Zillow
50°F Avg Temperature 275 sunny days/yr
10 Violent Crime/100K 3,504 property/100K
C
Overall
2.0 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Safety
1.8 / 5.0
10 violent crimes/100K
C
Education
2.1 / 5.0
0.0% bachelor's degree or higher

Income Overview

Per Capita Income
$27,331
30% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: Petroleum vs. U.S. Average

Each bar shows Petroleum’s value as a percentage of the national average (100% line = U.S. avg)

Per Capita
US: $39,052
$27,331
70%
IRS Avg AGI
US: $72,000
$70,980
99%
Avg Weekly Wage
US: $1,432
$962
67%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$962
33% below US avg ($1,432)
Work From Home
0.0%
100% below US avg (15.2%)
Drive Alone
71.4%
2% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,577M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 71.4%
Public Transit 0%
Work From Home 0%
Other 28.6%

Business Landscape

Total Establishments
706
Restaurants
41
Healthcare
63
Retail
88
Manufacturing
56

Tax & Financial

IRS Avg Adjusted Gross Income
$70,980
1% below US avg ($72,000)
Avg Property Tax
$2,911
17% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Per Capita Income$27,331
IRS Avg Adjusted Gross Income$70,980
Avg Weekly Wage$962
County GDP$1,577M

Hardship Indicators

Unemployment Rate0.0%
Poverty Rate0.0%
Gini Coefficient0.391
Cost of Living Index93.3

Commute

Drive Alone71.4%
Public Transit0.0%
Work From Home0.0%

Businesses

Total Establishments706
Restaurants41
Healthcare63
Retail88
Manufacturing56

Tax

IRS Avg AGI$70,980
Avg Property Tax$2,911