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The total population of Oil City is estimated to be 9,599 with 4,869 males (50.72%) and 4,730 females (49.28%). There are 139 less females than males in Oil City.
The median household income in Oil City was $47,854 in 2021, which marked an an increase of 726(1.54%) from $47,128 in 2020. This income is 64.14% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Oil City sees its highest median household income among householders in the age group of 45 to 64 years old, at $60,490. Overall, the median household income for the city of Oil City stands at $47,854.
In Oil City, the median income for all workers aged 15 years and older, regardless of work hours, was $32,610 for males and $24,663 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,579 for males and $40,976 for females.
In Oil City, population is primarily represented by White households, reporting a median income of $48,198.
In 2022, the population of Oil City was 9,459, a 0.64% decrease year-by-year from 2021. Previously, in 2021, Oil City's population was 9,520, a decline of 0.74% compared to a population of 9,591 in 2020.
The median age in Oil City, PA is 41.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.72% were under the age of 15, 19.92% aged 15 to 29, 45.11% aged 30 to 64, 16.36% aged 65 to 84, and 1.90% were 85 years of age and older.
Racial distribution of Oil City population: 94.90% are White, 1.18% are Black or African American, 0.12% are Asian, 0.20% are some other race and 3.60% are multiracial.