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 Ohio, 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 88, with 100 being the average.
The cost of living index in Oxford is 0.9x lower than the national average.
Oxford ranks as the #110 cheapest in Ohio out of 286.
Oxford ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Oxford is $204,500.
The median income in Oxford is $41,749.
According to the most recent data on the cost of living, Oxford has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Ohio, Oxford has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Oxford ranks as #110 most affordable out of the 286 places we measured in Ohio. By definition, that implies Oxford ranks as the #176 most expensive place in the Buckeye State.
For more reading on life in Oxford, check out:
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 84.
The Groceries index in Oxford is 92.
The Health index in Oxford is 77.
The Housing index in Oxford is 95.
The Transportation index in Oxford is 101.
The Utilities index in Oxford is 91.
|Living Expense||Oxford||Ohio||National Average|
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Oxford is $204,500.
The Median Rent in Oxford is $895.
The Median Income in Oxford is $41,749.
The Home Value To Income in Oxford is 4.9x.
The Rent To Monthly Income in Oxford is 0.26x.
|Median Home Value||$204,500||$159,900||$244,900|
|Home Value To Income||4.9x||2.6x||3.5x|
|Rent To Monthly Income||0.26x||0.17x||0.2x|
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:
Hamilton, OH has a cost of living index of 85, 1.0x Oxford.
Fairfield, OH has a cost of living index of 95, 1.1x Oxford.
Forest Park, OH has a cost of living index of 89, 1.0x Oxford.