Oil City, PA is a small town located in Venango County, Pennsylvania. It has a population of only 5,565 people as of the 2020 US Census. Despite its small size, Oil City has earned some impressive rankings from BestPlaces.net. This website ranks the city highly for its low cost of living, with an index score of 82 out of 100 and a median home value of $65,500. The job market is also strong here with an unemployment rate below the national average. Additionally, Oil City was ranked very high for its public education system with an overall grade of A+. Residents are also able to enjoy easy access to nearby amenities like shopping and entertainment options due to the city's convenient location along Interstate 80. All in all, Oil City offers its residents a relatively high quality of life at a lower cost than many other cities.
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