Housing costs in Oil City?
A typical home costs
$96,100, which is 71.6% less expensive than the national average of
$338,100 and 48.0% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Oil City costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 26.6% cheaper than the state average of
$1,000.
Can I afford Oil City?
To live comfortably in Oil City, Louisiana, a minimum annual income of
$18,360 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Oil City?
Oil City, LA is known for its low cost of living and affordable housing prices. The median home price in Oil City is approximately $109,000, which is about half the national average. Renters can usually find a one-bedroom apartment for around $700 per month and two bedrooms for around $850 per month. With its low taxes and inexpensive utilities, Oil City makes it easy to get by on a tight budget. Groceries are generally cheaper here than other cities, with basic items costing a fraction of what they do in larger metropolitan areas. Overall, Oil City offers an excellent quality of life at an unbeatable price.