Housing costs in Oil City?
A typical home costs
$105,000, which is 68.9% less expensive than the national average of
$338,100 and 43.2% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Oil City costs
$830 per month, which is 17.0% cheaper than the national average of
$1,000 and 21.7% cheaper than the state average of
$1,010.
Can I afford Oil City?
To live comfortably in Oil City (zip 71061), Louisiana, a minimum annual income of
$20,160 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Oil City?
Oil City, LA is a small, rural town with an affordable cost of living. The median home price in 71061 is $101,000, which is significantly lower than the national average of $184,700. The median household income for residents in 71061 is $47,850, far below the national average of $60,293. In addition to housing costs being low in this area, groceries and goods are also reasonably priced. Overall, Oil City offers its residents a low-cost lifestyle that allows them to save more money without sacrificing their comfort or quality of life.