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Population & People
Population
9,599
Median age
40.3
Median household income
$51,316
Poverty rate
16.6%
Unemployment rate
5.1%
Bachelor's degree+
16.5%
Avg. commute
17 min
Hispanic or Latino
1.4%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$74,100
Median gross rent
$821/mo
Homeownership rate
61.26%
HUD FMR — 2 bedroom
$1,225
HUD Fair Market Rent (Pennsylvania statewide average across 67 areas — not specific to Oil City), 2026. Efficiency $900, 1BR $996, 2BR $1225, 3BR $1570, 4BR $1744. This is a different official figure from Census median gross rent above.
Energy
Pennsylvania commercial electricity
12.44¢/kWh
Pennsylvania industrial electricity
9.36¢/kWh
Pennsylvania residential electricity
19.3¢/kWh
Economy
Gross Domestic Product: All Industry Total
1056446.3
Real Gross Domestic Product: All Industry Total
818787.5
All-Transactions House Price Index for Pennsylvania
733.19
Unemployment Rate
3.9%
Source: FRED, Pennsylvania-specific series.