Oil City, Pennsylvania Median Income

Oil City, Pennsylvania has a population of 9,920, with a median household income of $45,500.

Current median income data for Oil City.

$45,500

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Population

9,920

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Median Income

$45,500

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Unemployment

5.50%

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Housing Price

$104,400

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Crime Rate

9.60

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Internet Speed

174.20 Mbps

Oil City is a small local community located in Pennsylvania. The city has a population that is above the average city population in Pennsylvania, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Oil City, located in Pennsylvania, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Oil City has a population of 9,920, which is higher than the state average. This indicates a relatively larger urban presence within Pennsylvania.

Income and Economy

The median household income in Oil City is $45,500, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Oil City is about $104,400, making it relatively affordable compared to many cities in Pennsylvania.

Employment and Safety

The unemployment rate in Oil City is 5.50%, slightly above the state average, suggesting moderate employment conditions. Oil City has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Pennsylvania, Oil City shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Oil City offers a balanced mix of economic conditions, population trends, and housing opportunities within Pennsylvania.

Frequently Asked Questions about Oil City

What is the population of Oil City?

The population of Oil City is approximately 9,920.

Is Oil City a good place to live?

Oil City offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Oil City?

The median household income in Oil City is around $45,500.

How expensive is housing in Oil City?

The average housing price in Oil City is approximately $104,400.