Oil City, PA — income, home value, property tax, and sales tax.
In ZIP code 16301, which takes in Oil City, homes carry a median value of $89,800, and the county-level property tax rate of 1.27% works out to roughly $1,140 a year on a house at that price. With median household income at $57,596 and per-capita income of $29,709, that annual tax bill equals about 2% of what a typical household brings in. Combined with a 6.00% sales tax, the overall cost of living here leans on lower housing prices to offset the tax rate.
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