Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.9 yrs |
|---|---|
| Avg HH Size | 2.32 |
| Below Poverty | 15.8% ▲ 58% above avg |
| College Grads | 31.2% ▼ 19% below avg |
| Unemployment | 6.3% ▲ 28% above avg |
| No HS Diploma | 119 (1.2%) |
| HS Graduate | 4,777 (47.5%) |
| Some College | 1,064 (10.6%) |
| Associates | 961 (9.5%) |
| Bachelors | 1,225 (12.2%) |
| Graduate Degree | 1,919 (19.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $57,368 ▼ 25% below avg |
|---|---|
| Median Home Value | $84,800 ▼ 70% below avg |
| Home/Income Ratio | 1.5x (nat avg ~3.5x) |
| Median Rent | $809/mo |
| Total Housing Units | 7,648 |
| Vacant Units | 1,331 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Oil City is a city in Pennsylvania, located in Venango County. The city spans 1 ZIP code and is home to approximately 15,067 residents. It is a middle-aged city, with a median age of 44.9 years.
Economically, Oil City is a solidly middle-class community. The median household income of $57,368 is below the national average. Approximately 15.8% of residents live below the poverty line. The unemployment rate is 6.3%, above the national average.
The real estate market in Oil City is one of the more affordable housing markets in the country. Median home values stand at $84,800, which is well below the national average. Renters typically pay around $809 per month. Homeownership is high at 70.6%, typical of suburban and family-oriented communities.
The population of Oil City is moderately educated. 31.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.93%).
Oil City, PA offers residents a cost-conscious lifestyle within Pennsylvania.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 16301 | 15,067 | $57,368 | $84,800 | $809 | 6.3% | 31.2% | 70.6% |