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The total population of Oil City is estimated to be 1,093 with 544 males (49.77%) and 549 females (50.23%). There are 5 more females than males in Oil City.
The median household income in Oil City was $23,848 in 2021, which marked an an increase of 760(3.29%) from $23,088 in 2020. This income is 31.97% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Oil City sees its highest median household income among householders in the age group of 45 to 64 years old, at $28,129. Overall, the median household income for the town of Oil City stands at $23,848.
In Oil City, the median income for all workers aged 15 years and older, regardless of work hours, was $18,635 for males and $15,392 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,478 for males and $27,867 for females.
In Oil City, there are just three different racial groups among households. Among these, White households report a median household income of $32,495, followed by Black or African American households at $24,615, and Two or More Races households with a median household income of $2,701.
In 2022, the population of Oil City was 876, a 1.02% decrease year-by-year from 2021. Previously, in 2021, Oil City's population was 885, a decline of 1.01% compared to a population of 894 in 2020.
The median age in Oil City, LA is 42.7, as per 2021 ACS 5-Year Estimates. Of the total population, 20.13% were under the age of 15, 19.48% aged 15 to 29, 41.77% aged 30 to 64, 15.69% aged 65 to 84, and 2.92% were 85 years of age and older.
Racial distribution of Oil City population: 53.03% are White, 42.32% are Black or African American, 0.32% are Asian, 0.22% are Native Hawaiian and other Pacific Islander and 4.11% are multiracial.