Housing costs in Oil City?
A typical home costs
$114,400, which is 66.2% less expensive than the national average of
$338,100 and 52.9% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Oil City costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,210.
Can I afford Oil City?
To live comfortably in Oil City Pennsylva Metro Area, Pennsylvania, a minimum annual income of
$21,960 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Oil City?
The cost of living in Oil City, PA Metro Area is significantly lower than the national average. According to official figures, the Cost of Living in Oil City is 72.8, compared to the US average of 100. This means that living expenses are approximately 28% cheaper than the nationwide average. This translates into a more affordable lifestyle for those considering calling Oil City their home and can also benefit those who already reside there. Additionally, the median house value in Oil City is $114,400 which is much lower than the US average of $338,100. These factors make Oil City an attractive option for many people looking for an affordable place to live.