Oil City, LA Profile: Facts & Data

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Oil City, Louisiana - Basic Facts

The Town of Oil City had a population of 851 as of July 1, 2023.

The primary coordinate point for Oil City is located at latitude 32.744 and longitude -93.9716 in Caddo Parish. The formal boundaries for the Town of Oil City encompass a land area of 1.78 sq. miles and a water area of 0.06 sq. miles. Caddo Parish is in the Central time zone (GMT -6).

The Town of Oil City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Oil City is located within Parish Governing Authority District 1, a minor civil division (MCD) of Caddo Parish.


Jump to... (On This Page!)
  1. Oil City 2023 Demographic Data
  2. Growth Rates for Oil City (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Louisiana Research Tools (Easy Tools & Current Data)
  3. Louisiana Data Comparison Tool - 2023 Demographics
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Oil City, LA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 851 (100%)
Population in Households 851 (100.0%)
Population in Families 686 (80.6%)
Population in Group Quarters1 0
Population Density 452
Diversity Index2 47
 
 

INCOME

Median Household Income $46,367
Average Household Income $65,281
% of Income for Mortgage4 27%
Per Capita Income $26,772
Wealth Index5 43
Socioeconomic Status Index6 Low (42.1)
 

HOUSING

Total HU (Housing Units) 418 (100%)
Owner Occupied HU 232 (55.5%)
Renter Occupied HU 117 (28.0%)
Vacant Housing Units 69 (16.5%)
Median Home Value $206,024
Average Home Value $206,358
Housing Affordability Index3 100
 

HOUSEHOLDS

Total Households 349
Average Household Size 2.44
Family Households 228
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.74% -0.86%
Households -0.69% -0.46%
Families   -0.62%
Median Household Income   0.63%
Per Capita Income   3.58%
Owner Occupied HU   -0.61%

Oil City, LA - Peer Comparisons by Rank and Percentile

The table below compares Oil City to the other 488 incorporated cities, towns and CDPs in Louisiana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 288 41st
Population Density # 264 46th
Median Household Income # 244 50th
Housing Affordability Index # 103 21st
Per Capita Income # 248 49th
Diversity Index # 291 41st

Additional comparisons and rankings can be made with a VERY EASY TO USE Louisiana Census Data Comparison Tool.

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