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Oil City, PA 16301 has a population of approximately 15,954 and experiences a population change rate of -10.16%. The population density is 149.7 / sq mi .
The median household income for Oil City, PA 16301 is $51,680, with 6,196 households and an average household size of 2.37.
The median value of a home in Oil City, PA 16301 is $73,900 with an appreciation rate of 14.30%. 57.36% of housing in the state is owned while 24.27% is rented.
The cost of living in Oil City, PA 16301 is 75.5 %.
The unemployment rate in Oil City, PA 16301 is 4.00%, and recent job growth is at -2.76%. Future job growth is projected at 16.46%.
The sales tax rate in Oil City, PA 16301 is 6.00%, while the income tax rate is 3.07% .
School expenditures in Oil City, PA 16301 are $17,632, and the school ratio is 13:1.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 45.3 inches per year, with 62.1 inches of snow per year.