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Oil City, Pennsylvania Demographics & Population 2026

Very AffordableHome value to income ratio of 1.4x is exceptionally low

During the 2020–2024 ACS period, Oil City, Pennsylvania had a total population of 9,468, the 99th largest city in Pennsylvania, with a median household income of $51,316, which is 34% lower than the state average. The poverty rate is 16.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Oil City Quick Facts

Population 9,468
Median Household Income $51,316
Median Home Value $74,100
Poverty Rate 16.6%
Unemployment Rate 5.1%
Median Age 40.3 years
Homeownership Rate 61.3%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 16.4%
High School Graduation Rate 87.9%
Diversity Index 12/100
Population 9,468 99th of 1,991
Median Income $51,316 bottom 20%
Poverty Rate 16.6% 33% higher than national
Median Home Value $74,100 bottom 10%

How Oil City Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population9,5179,468-0.5%
Median household income$52,688$51,316-2.6%
Median home value$66,600$74,100+11.3%

How Oil City Compares

Economy & Housing

Household Income Distribution

Under $25K 25.1%
$25K-$50K 23.2%
$50K-$100K 30.1%
$100K+ 21.7%
Detailed income brackets
Under $10K
6.5%
$10K-$15K
6.1%
$15K-$20K
6.7%
$20K-$25K
5.7%
$25K-$30K
6.0%
$30K-$35K
3.9%
$35K-$40K
4.2%
$40K-$45K
6.4%
$45K-$50K
2.7%
$50K-$60K
6.9%
$60K-$75K
10.5%
$75K-$100K
12.8%
$100K-$125K
8.9%
$125K-$150K
4.9%
$150K-$200K
4.9%
$200K+
3.0%

Employment

5.1% Unemployment Rate State: 5.3%|National: 5.2%
59.9% Labor Force Participation

Housing Overview

Owner 61.3%
Renter 38.7%
Affordability Index Very Affordable
1.4x home value to income ratio
Median gross rent $821/mo 19.2% of median household income annually

People & Demographics

Diversity Index

12out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 45 | National average: 61

Education

Oil City Rankings in Pennsylvania

#99 Population of 1,991
#1537 Median Income of 1,854
#1335 Education of 1,987
#1784 Home Value of 1,871

Other Cities in Venango County

CityPopulationMedian IncomePovertyHome Value
Franklin 5,984 $47,117 17.3% $116,900
Sugarcreek 4,716 $63,987 9.9% $108,200
Woodland Heights 1,585 $40,200 26.2% $81,400
Seneca 1,439 $63,031 8.1% $158,800
Hasson Heights 1,351 $74,489 21.2% $114,800
Pleasantville (Venango County) 759 $50,972 11.5% $107,900
Emlenton 663 $60,913 11.2% $103,900
Polk 615 $36,786 35.4% $101,400
Clintonville 511 $47,083 10.2% $99,900
Rouseville 460 $58,382 24.1% $62,500

Cities Similar to Oil City

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Sunbury9,617$51,028$107,20011.6%18.7%
Warren9,240$53,815$103,80025.3%9.9%
Aliquippa9,079$50,188$98,40022.6%22.9%
Middletown9,632$55,765$161,60024.9%12.4%
Collingdale8,897$51,886$166,60017.0%19.6%

Population Overview

Oil City is a small city located in Pennsylvania, within Venango County. The total population is 9,468. It ranks as the 99th most populous out of 1,991 Census-designated places in Pennsylvania.

Age Demographics

The median age in Oil City is 40.3 years. This is 1% lower than the state median of 40.9 years.

Economy, Income & Housing

The median household income in Oil City is $51,316. This is 34% lower than the state median of $77,971. It is also 36% lower than the national median of $80,734. The poverty rate stands at 16.6%. This is 42% higher than the state poverty rate of 11.7%. The unemployment rate is 5.1%. This is 3% lower than the state rate of 5.3%. The median home value is $74,100. Housing costs are 71% lower than the state median of $254,500. With a home-value-to-income ratio of just 1.4x, Oil City is one of the most affordable housing markets in the area. 61.3% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 69.3%.

Race & Ethnicity

Oil City has a predominantly White (non-Hispanic) population, comprising 93.5% of all residents. Hispanic or Latino residents account for 1.4%. The Black or African American population (0.7%) is well below the state average of 10.3%. The Hispanic or Latino population (1.4%) is well below the state average of 8.7%. The Asian population (0.9%) is well below the state average of 3.8%.

Education

16.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 53% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.9%.

Data Sources & Methodology

All demographic data for Oil City, Pennsylvania is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Oil City, Pennsylvania?

Oil City, Pennsylvania has a population of 9,468 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Oil City, PA?

The median household income in Oil City is $51,316, which is 36% lower than the national median of $80,734.

What is the poverty rate in Oil City, PA?

The poverty rate in Oil City is 16.6%. This means approximately 1,517 residents live below the federal poverty line.

What is the racial makeup of Oil City, Pennsylvania?

Oil City's population is 93.5% White, 0.7% Black, 1.4% Hispanic/Latino, and 0.9% Asian.

What is the median home value in Oil City, PA?

The median home value in Oil City is $74,100. The home-value-to-income ratio is 1.4x.

How educated is Oil City, Pennsylvania?

16.4% of adults (25+) in Oil City hold a bachelor's degree or higher, and 6.3% hold a graduate or professional degree.