Oxford, NC Cost Of Living
Cost Of Living In Oxford, NC Summary
Cost of living in Oxford research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Oxford is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Oxford is 92, with 100 being the average.
The cost of living index in Oxford is 0.9x lower than the national average.
Oxford ranks as the #47 cheapest in North Carolina out of 157.
Oxford ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Oxford is $250,552.
The median income in Oxford is $48,135.
Table Of Contents
Oxford's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Oxford, NC?
According to the most recent data on the cost of living, Oxford has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Oxford has a cost of living index that's 1.0x lower than North Carolina's index of 96.
The standard of living in Oxford ranks as #47 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Oxford ranks as the #110 most expensive place in the Tar Heel State.
For more reading on life in Oxford, check out:
In North Carolina
In America
Oxford Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Oxford. Here is how it fairs on each of the criteria:
The Services index in Oxford is 95.
The Groceries index in Oxford is 105.
The Health index in Oxford is 105.
The Housing index in Oxford is 81.
The Transportation index in Oxford is 90.
The Utilities index in Oxford is 91.
| Living Expense | Oxford | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 92 | 96 | 100 | |
| Services | 95 | 99 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 105 | 106 | 100 | |
| Housing | 81 | 86 | 100 | |
| Transportation | 90 | 91 | 100 | |
| Utilities | 91 | 92 | 100 | |
Oxford, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Oxford is $250,552.
The Median Rent in Oxford is $986.
The Median Income in Oxford is $48,135.
The Home Value To Income in Oxford is 5.2x.
The Rent To Monthly Income in Oxford is 0.25x.
| Statistic | Oxford | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $250,552 | $332,681 | $303,400 |
| Median Rent | $986 | $1,162 | $1,348 |
| Median Income | $48,135 | $69,904 | $78,538 |
| Home Value To Income | 5.2x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Oxford, NC Costs By Category
Detailed Oxford Services Costs Vs. North Carolina
| Item | Oxford | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $12.67 | $12.13 |
| Bowling | $20.2 | $18.0 |
| Haircut | $26.1 | $24.26 |
| Beauty Salon | $53.19 | $45.56 |
Detailed Oxford Groceries Costs Vs. North Carolina
| Item | Oxford | North Carolina |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.5 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $5.05 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.35 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Oxford Health Costs Vs. North Carolina
| Item | Oxford | North Carolina |
|---|---|---|
| Optometrist | $113.17 | $125.68 |
| Doctor | $146.11 | $135.78 |
| Dentist | $149.5 | $113.29 |
Detailed Oxford Transportation Costs Vs. North Carolina
| Item | Oxford | North Carolina |
|---|---|---|
| Gasoline | $3.36 | $3.46 |
| Tire Balancing | $50.0 | $59.92 |
Detailed Oxford Utilities Costs Vs. North Carolina
| Item | Oxford | North Carolina |
|---|---|---|
| All Electricity | $191.72 | $193.99 |
| Phone | $186.28 | $192.25 |
Oxford SnackAbility
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Cost Of Living In Cities Around Oxford
The cost of living varies in the cities and towns around Oxford. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 112, 1.2x Oxford.
Cary, NC has a cost of living index of 125, 1.4x Oxford.
Apex, NC has a cost of living index of 122, 1.3x Oxford.
| City | Population | Cost Of Living | Vs. Oxford |
|---|---|---|---|
| Raleigh, NC | 470,763 | 112 | 1.2x |
| Cary, NC | 176,686 | 125 | 1.4x |
| Apex, NC | 67,765 | 122 | 1.3x |
| Chapel Hill, NC | 59,889 | 129 | 1.4x |
| Wake Forest, NC | 51,199 | 117 | 1.3x |
| Holly Springs, NC | 43,429 | 125 | 1.4x |
| Garner, NC | 32,543 | 106 | 1.2x |
| Morrisville, NC | 30,471 | 120 | 1.3x |
| Carrboro, NC | 21,170 | 121 | 1.3x |
| Knightdale, NC | 19,532 | 105 | 1.1x |
