Oxford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexOxfordOhioNational
Cost of living index9091100
IndexOxfordOhioNational
Goods & Services index8596100
Groceries index9199100
Health care index8296100
Housing index10275100
Transportation index8995100
Utilities index78101100
The above illustration supplies generalized information for the Oxford, OH cost of living index. Compared to other cities in Ohio and cities across the country, the cost of living index in Oxford, OH is 90, which is equal to the Ohio average and 10% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Oxford, OH are 12% lower than the average for Ohio and 16% lower than the rest of the country.

Did you know?

  • The cost of living in Oxford is equal to the Ohio average.
  • The cost of living in Oxford is 10% lower than the national average.
  • The cost of housing in Oxford is 2% higher than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Oxford, OH to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Oxford, OH, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Oxford, OH salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,558$7,630$2,136$2,747
Renters$18,455$1,538$431$554
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Oxford, OH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Oxford, OH homeowners have a median income of $91,558. Using that number, you will come up with a maximum of $2,136 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $18,455, which means there is a maximum of $431 to be spent on the costs of renting a home or apartment.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
When assessing the complete cost of living in Oxford, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.528% to 5.333% in Ohio.

Goods & Services

ItemOxfordNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $22.00$34.6836.6%
Toothpaste $1.88$2.4724.0%
Shampoo $0.84$1.0217.8%
Movie $8.79$9.8710.9%
Bowling $3.50$4.3920.3%

Groceries

ItemOxfordNational avg.Difference
Ground Beef $4.14$4.487.5%
Fried Chicken $1.19$1.4618.7%
Milk $1.93$2.3618.1%
Potatoes $3.11$3.061.6%
Pizza $7.99$9.2413.6%
Beer $7.54$8.6312.7%

Health Care

ItemOxfordNational avg.Difference
Optometrist $58.00$99.7841.9%
Doctor $71.50$105.0331.9%
Dentist $69.75$88.7021.4%
Ibuprofen $8.36$9.4111.2%
Lipitor $323.26$298.508.3%

Housing

ItemOxfordNational avg.Difference
Home Price $191,100.00$175,700.008.8%
Avg. Mortgage Payment $865.75$1,081.0319.9%
Apartment Rent $794.00$920.0013.7%

Transportation

ItemOxfordNational avg.Difference
Gasoline $1.94$2.097.3%
Tire Balancing $36.00$45.2920.5%

Utilities

ItemOxfordNational avg.Difference
All Electricity$149.16$170.8012.7%
Phone $18.44$28.2634.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Jacksonburg, OH6786-14%
College Corner, OH35575-25%
Camden, OH2,26475-25%
Williamsdale, OH66583-17%
Mount Carmel, IN11383-17%
Oxford, OH21,55290-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ashland, KY21,55182-18%
Ramona, CA21,57813333%
Clarksville, IN21,57990-10%
Sunny Isles Beach, FL21,58312121%
Bay Point, CA21,58611313%
Oxford, OH21,55290-10%
Source: The Oxford, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.