Oil City, LA is a charming town located in the heart of Louisiana. It offers low cost living with two-bedroom rents averaging $790 per month, which is much lower than the national average of $1,430. The price of groceries in Oil City are also relatively cheaper compared to the US with an index score of 89 as opposed to 100. The city features a vibrant local economy with many businesses such as Boho Boutique, Sugar Shack Cafe, and Ol’Towne Barbershop. There are also many great recreational activities available like fishing at Bayou Casotte Park or going horseback riding at Cajun Dreams Adventure Tours. For entertainment, Oil City has the Valley Theater which hosts regular movie screenings and live performances by local bands. With its low cost of living and abundance of amenities, Oil City stands out as an attractive place to live for anyone seeking a more laid back lifestyle.
Oil City has an unemployment rate of 7.4%. The US average is 6.0%.
Oil City has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Oil City
- The Sales Tax Rate for Oil City is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Oil City is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oil City
- The average income of a Oil City resident is $13,928 a year. The US average is $28,555 a year.
- The Median household income of a Oil City resident is $22,063 a year. The US average is $69,021 a year.