B+
Overall 13%
Goods & Services 12%
Housing 26%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexOxfordAlabamaNational
Cost of living8789100
Goods & Services8998100
Groceries8596100
Health care7991100
Housing7472100
Transportation8791100
Utilities126103100

Key findings

  • The cost of living in Oxford is 3% lower than the Alabama average
  • The cost of living in Oxford is 13% lower than the national average
  • Oxford housing is 26% lower than the national average
  • Alabama general sales tax is 21% lower than the national average
  • Alabama state income tax is 10% lower than the national average

Most Affordable Places to Live in and Around Oxford

See all the best places to live around Oxford

Compare Oxford, AL Cost of Living

      vs
      How would you rate the cost of living in Oxford?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Oxford?
      Write a review to give others more information about this area.
      See all Oxford poll results

      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

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$59,649$4,971$1,392$1,790
      Renters$33,663$2,805$785$1,010
      A good way to judge both the affordability of the housing and the cost of living in Oxford is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Oxford has a median income of about $59,649 for people who own homes. Based on that number, a maximum of $1,392 should be spent on expenses related to housing. Renters have a slightly different median income, which is $33,663. Based on this average, renters should spend no more than $785 on all rental costs if they want to maintain a non-impoverished standard of living.

      Alabama Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Alabama4%13.5%

      Alabama Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Alabama2%5%

      Goods & Services

      ItemOxfordNational avg.Difference
      Haircut $13.60$17.4922.2%
      Beauty Salon $31.00$38.1718.8%
      Toothpaste $1.84$2.3220.7%
      Shampoo $0.85$1.0116.0%
      Movie $9.25$10.7213.7%
      Bowling $10.00$13.8627.9%

      Groceries

      ItemOxfordNational avg.Difference
      Ground Beef $3.53$3.909.5%
      Fried Chicken $1.08$1.4022.6%
      Milk $1.51$1.9623.0%
      Potatoes $2.66$3.1816.4%
      Pizza $10.49$10.390.9%
      Beer $8.39$9.239.1%

      Health Care

      ItemOxfordNational avg.Difference
      Optometrist $77.60$106.3427.0%
      Doctor $75.75$115.2534.3%
      Dentist $72.25$98.3826.6%
      Ibuprofen $9.47$9.262.3%
      Lipitor $464.50$466.470.4%

      Housing

      ItemOxfordNational avg.Difference
      Home Price $129,100.00$184,700.0030.1%
      Avg. Mortgage Payment $820.88$1,273.3235.5%
      Apartment Rent $786.00$949.0017.2%

      Transportation

      ItemOxfordNational avg.Difference
      Gasoline $2.29$2.5911.5%
      Tire Balancing $42.74$48.9012.6%

      Utilities

      ItemOxfordNational avg.Difference
      All Electricity$247.64$167.6047.8%
      Phone $178.98$163.429.5%
      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.
      Delta, AL26092-8%
      West End-Cobb Town, AL3,55078-22%
      Munford, AL1,35679-21%
      Hobson City, AL90480-20%
      Saks, AL10,77781-19%
      Oxford, AL21,20287-13%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Patterson, CA21,2051088%
      South Milwaukee, WI21,19792-8%
      Arnold, MO21,19692-8%
      Decatur, GA21,21012525%
      Clinton, UT21,2101011%
      Oxford, AL21,20287-13%
      Source: The Oxford, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.