Oil City, PA — income, home value, property tax, and sales tax.
In ZIP code 16344, near Oil City, households earn a median of $58,382, while per-capita income sits at $22,929. Homes here carry a median value of $62,500, and the county-level property tax rate of 1.27% translates into a comparatively small annual bill on that value. Add a 6.00% combined sales tax on purchases, and the overall cost picture leans on income taxes and everyday spending rather than steep housing costs. With home values well below the national median, buyers here can often keep mortgage payments lower, though the sales tax applies broadly to goods and services throughout the area.
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