Last updated: 2024 BLS data · Page refreshed:
Oil City has a population of 9,468 with a median age of 40.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 9,468 |
| Median Age | 40.3 |
| White | 94.1% |
| Black or African American | 0.7% |
| Asian | 0.9% |
| Hispanic or Latino | 1.4% |
| Other / Two or More Races | 2.9% |
The median household income in Oil City is $51,316, which is 36.3% below the national median of $80,610. The per capita income is $28,220. The poverty rate is 16.6%.
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In Oil City, 87.9% of residents age 25+ have a high school diploma or higher, and 16.5% hold a bachelor's degree or higher (6.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.9% |
| Bachelor's Degree or Higher | 16.5% |
| Graduate or Professional Degree | 6.3% |
The median home value in Oil City is $74,100, below the national median of $303,400. The median monthly rent is $821. The homeownership rate is 61.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $74,100 |
| Median Monthly Rent | $821 |
| Homeownership Rate | 61.3% |
| Vacancy Rate | 15.1% |
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