Everything You Should Know Before Moving to Oil Springs, KY
Considering a move to Oil Springs, KY? With a friendly population of about 600, this rural community offers affordable living, with median home prices around $92,000 and average rents at $670. Residents enjoy low violent crime rates, a typical commute of 27 minutes, and a peaceful small-town atmosphere. While educational attainment is modest, local schools are accessible and the climate features four distinct seasons with plenty of sunny days. Oil Springs is perfect for those seeking affordability and a close-knit, quiet lifestyle.
Demographics - Oil Springs, KY
Demographics - Oil Springs, KY
Oil Springs is a small, close-knit community with around 600 residents, primarily White, and a median age of 42.5. The area offers a balanced gender ratio and a low percentage of non-English speakers, making it an accessible and welcoming place for newcomers.
Population:
600
Density:
80 per sq mi
Median Age:
42.5
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
1.5%
Ethnic Composition
White:
97.0%
Black:
0.5%
Asian:
0.3%
Others:
2.2%
Cost Of Living
What is the average cost of living in Oil Springs, KY?
Living in Oil Springs is highly affordable, with a median home value of $92,000 and average rents at $670. The cost of living index is well below the national average, making it an attractive option for budget-conscious individuals or families.
Median House Value:
$92,000
Gross Rent:
$670
Monthly Electricity Charges:
$110
Auto Insurance:
$1,180
House Owner Cost With Mortgage:
$850
House Owner Cost Without Mortgage:
$300
State Taxes:
Low:
2.0%
|
High:
5.0%
Cost Of Living Index:
78.2
Grocery:
94.0
Housing:
45.0
Utilities:
99.0
Transportation:
87.0
Health Care:
92.0
Miscellaneous:
89.0
Crime
Is Oil Springs, KY a safe place to live?
Oil Springs experiences low violent crime rates, with violent crimes occurring at a rate of 145 per 100,000 people, making it a relatively safe place to live. While property crime is somewhat higher, residents generally enjoy a peaceful community atmosphere.
Violent Crimes Per 100k:
145
Property Crimes Per 100k:
1,110
Crime Index:
1,255
Chance Of Violent Crime:
1 in 690
Chance Of Property Crime:
1 in 90
Weather
What is the weather like in Oil Springs, KY year-round?
Oil Springs enjoys four distinct seasons, with mild winters averaging 25°F to 43°F and warm summers reaching up to 85°F. The area receives about 44.5 inches of rainfall annually and sees sunshine about 58% of the year, offering a pleasant climate for outdoor activities.
Winter
Min:
25°F
Max:
43°F
Spring
Min:
45°F
Max:
70°F
Summer
Min:
65°F
Max:
85°F
Fall
Min:
48°F
Max:
72°F
Average Rainfall Inches:
44.5 inches
Sunny Days Percentage:
58%
Neighbors
Residents of Oil Springs typically have a median household income of $38,000, with nearly 20% living below the poverty line. Most neighbors commute about 27 minutes to work, and the community has strong local ties with a modest percentage holding college degrees.
Median Income:
$25,000
Household Income:
$38,000
Family Income:
$47,000
Per Capita Income:
$19,500
Income Male:
$32,000
Income Female:
$24,000
Poverty Rate:
19.8%
Non English Speakers:
1.5%
Rent:
$670
Unemployment Rate:
6.3%
Public Transport Usage:
0.2%
Commute Time:
27.5 minutes
Education
High School or Higher:
79.4%
Bachelors or More:
9.2%
Education
How are the schools in Oil Springs, KY?
Oil Springs offers access to public schools with reasonable student-teacher ratios, and higher education is available nearby at Big Sandy Community and Technical College. Educational attainment levels are modest, but local schools provide foundational learning opportunities.
Public Schools
Name:
Highland Elementary School
Street:
1677 KY-40 W
Phone:
606-297-3674
Students:
440
Student Teacher Ratio:
15.1
Name:
Johnson Central High School
Street:
257 North Mayo Trail
Phone:
606-789-2500
Students:
1,050
Student Teacher Ratio:
16.3
Colleges
Name:
Big Sandy Community and Technical College
City:
Prestonsburg
State:
KY
Distance:
25 miles
Students:
4,000
Healthcare
Healthcare access in Oil Springs is supported by facilities like the nearby Paul B. Hall Regional Medical Center, and most residents have health insurance coverage. With 1.2 physicians per 1,000 people, basic medical needs are met within a short drive.
Major Hospitals
Name:
Paul B. Hall Regional Medical Center
Address:
625 James S Trimble Blvd, Paintsville, KY 41240
Phone:
(606) 789-3511
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.2
Health Insurance Coverage:
88.4%
Health Care Index:
67.0
Housing Market
What is the housing market like in Oil Springs, KY?
The housing market in Oil Springs is highly affordable, with a median home price of $92,000 and owner occupancy at nearly 76%. Rental options are available, but the majority of residents own their homes, benefiting from stable appreciation rates.
Median Home Price:
$92,000
Average Rent For 2 Bedroom:
$670
Owner Occupied Rate:
75.8%
Rental Vacancy Rate:
7.4%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
0.4%
Foreclosure Rate:
0.8%
DMV Information
Motor vehicle services for Oil Springs residents are managed by the Kentucky Transportation Cabinet in Frankfort, with convenient access to registration, licensing, and online resources at drive.ky.gov.
State:
Kentucky
Department:
Kentucky Transportation Cabinet
Address:
200 Mero St, Frankfort, KY 40622
Phone:
502-564-1257
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.