Oil City cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexOil CityPennsylvaniaNational
Cost of living index78100100
IndexOil CityPennsylvaniaNational
Goods & Services index8899100
Groceries index97102100
Health care index9590100
Housing index3993100
Transportation index106109100
Utilities index102115100
A general overview of the cost of living index for Oil City, PA is displayed above. In Oil City, PA, the overall cost of living index is 78, which is 22% lower than the Pennsylvania average and 22% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Oil City, PA, the city's goods and services are 11% lower than the Pennsylvania average and 12% lower than the U.S. average.

Did you know?

  • The cost of living in Oil City is 22% lower than the Pennsylvania average.
  • The cost of living in Oil City is 22% lower than the national average.
  • The cost of housing in Oil City is 61% lower than the national average.
  • Pennsylvania general sales tax is 18% higher than the national average.
  • Pennsylvania state income tax is 38% higher than the national average.

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Compare Oil City, PA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Oil City, PA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Oil City, PA, you have to earn a higher income in order to still have the same standard of living. To operate the Oil City, PA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$45,952$3,829$1,072$1,379
Renters$19,339$1,612$451$580
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Oil City, PA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Oil City, PA has a median income of about $45,952 for people who own homes. Based on that number, a person should spend a maximum of $1,072 on expenses related to housing. Renters have a slightly different median income, which is $19,339. Based on this average, renters should spend no more than $451 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
When you are determining the total cost of living in Oil City, PA you will want to make sure you consider both the Pennsylvania sales tax and the Pennsylvania income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Pennsylvania is 6%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Pennsylvania have a range from 3.07% to 3.07%.

Goods & Services

ItemOil CityNational avg.Difference
Haircut $13.15$15.5615.5%
Beauty Salon $37.36$36.113.5%
Toothpaste $2.36$2.474.6%
Shampoo $0.93$0.963.6%
Movie $9.94$10.131.9%
Bowling $4.01$4.7415.2%

Groceries

ItemOil CityNational avg.Difference
Ground Beef $2.88$3.9827.8%
Fried Chicken $1.34$1.414.8%
Milk $1.86$2.0610.0%
Potatoes $3.32$2.9811.4%
Pizza $9.90$9.474.5%
Beer $10.34$8.7917.6%

Health Care

ItemOil CityNational avg.Difference
Optometrist $80.03$101.0420.8%
Doctor $97.54$107.449.2%
Dentist $89.29$90.421.2%
Ibuprofen $8.86$9.284.5%
Lipitor $415.12$426.502.7%

Housing

ItemOil CityNational avg.Difference
Home Price $49,500.00$175,700.0071.8%
Avg. Mortgage Payment $961.34$1,133.2315.2%
Apartment Rent $580.00$920.0037.0%

Transportation

ItemOil CityNational avg.Difference
Gasoline $2.19$1.999.7%
Tire Balancing $45.27$45.761.1%

Utilities

ItemOil CityNational avg.Difference
All Electricity$184.95$163.8112.9%
Phone $25.21$28.3911.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Franklin, PA29376-24%
Utica, PA15678-22%
Rouseville, PA59078-22%
Tionesta, PA49780-20%
Franklin city, PA6,44880-20%
Oil City, PA10,38378-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pine Hill, NJ10,3831077%
Morro Bay, CA10,38314646%
Northbrook, OH10,38487-13%
Heath, OH10,38190-10%
Hillsdale, NJ10,38114949%
Oil City, PA10,38378-22%
Source: The Oil City, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.