Petroleum, IN
Population 83 · Indiana
About Petroleum, IN
Petroleum is a small community in Indiana with a population of 83 residents. The median household income is $0 per year, which is below the national average. The median age in Petroleum is 53.2 years.
Housing in Petroleum has a median home value of $74,600 and median monthly rent of $0. Of the 46 total housing units, the majority are owner-occupied, with 46 owner-occupied and 0 renter-occupied units.
The unemployment rate in Petroleum is 0.0% and the poverty rate is 9.6%. 0.0% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Petroleum, IN
Compared to national averages, Petroleum has a median household income of $0 (100% below the national median of $75,149). Home values average $74,600, which is 70% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Petroleum's income is 100% below the state average of $69,330, and home values are 54% below the state median of $163,409.
Why Live in Petroleum, IN?
Petroleum offers affordable housing with a median home value of $74,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.6%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Petroleum’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Petroleum has a population of 83 with a median age of 53.2 years. Compare Petroleum with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Petroleum
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Livonia | 83 | $61,250 | $115,300 | Compare |
| Peppertown | 83 | $0 | $0 | Compare |
| Scircleville | 83 | $0 | $0 | Compare |
| Hashtown | 84 | $76,528 | $0 | Compare |
| Lucerne | 82 | $33,558 | $79,200 | Compare |
| Manchester | 84 | $80,865 | $420,500 | Compare |
| Marshfield | 84 | $105,833 | $0 | Compare |
| Eminence | 85 | $0 | $126,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Petroleum
What is the population of Petroleum, IN?
The population of Petroleum, IN is 83 according to the latest Census data.
What is the median household income in Petroleum?
The median household income in Petroleum, IN is $0 per year.
What is the median home value in Petroleum?
The median home value in Petroleum, IN is $74,600.
What is the average rent in Petroleum?
The median monthly rent in Petroleum, IN is $0.
What is the unemployment rate in Petroleum?
The unemployment rate in Petroleum, IN is 0.0%.