Oil City, PA — income, home value, property tax, and sales tax.
With a median household income of $62,562 and per-capita income of $35,174, ZIP code 16323 sits in middle-income territory, leaning working-class. Home values around $131,200 in the Oil City area keep ownership within reach, though the county's 1.27% effective property tax rate means a $131,200 home carries roughly $1,666 in annual taxes. Add a 6.00% combined sales tax on purchases, and the overall tax load stays steady rather than steep. Incomes here trail state and national medians, so housing costs and taxes together claim a meaningful share of what households earn.
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