Housing costs in Oil City?
A typical home costs
$73,900, which is 78.1% less expensive than the national average of
$338,100 and 69.6% less expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Oil City costs
$720 per month, which is 40.5% cheaper than the national average of
$1,210 and 13.9% cheaper than the state average of
$820.
Can I afford Oil City?
To live comfortably in Oil City (zip 16301), Pennsylvania, a minimum annual income of
$14,040 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Oil City?
The cost of living in 16301 Oil City, PA is relatively low compared to many other cities in the United States. The median home price is around $89,900, which is well below the national average. Additionally, the cost of groceries, transportation and utilities are all comparatively lower than most other cities. Although many restaurants and shopping centers have recently been built in Oil City, they remain relatively affordable for visitors and residents alike. Overall, 16301 Oil City, PA offers a good balance between convenience and affordability.