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.
IndexOxfordNorth CarolinaNational
Cost of living index8794100
IndexOxfordNorth CarolinaNational
Goods & Services index9498100
Groceries index9798100
Health care index93107100
Housing index7385100
Transportation index9998100
Utilities index8296100
A general overview of the cost of living index for Oxford, NC is displayed above. In Oxford, NC, the overall cost of living index is 87, which is 7% lower than the North Carolina average and 13% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Oxford, NC, the city's goods and services are 4% lower than the North Carolina average and 6% lower than the U.S. average.

Did you know?

  • The cost of living in Oxford is 7% lower than the North Carolina average.
  • The cost of living in Oxford is 13% lower than the national average.
  • The cost of housing in Oxford is 27% lower than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher 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 allows you to compare how much your current salary in Oxford, NC would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Oxford, NC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Oxford, NC salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Oxford, NC, 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, NC homeowners have a median income of $62,092. Using that number, you will come up with a maximum of $1,449 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $17,386, which means there is a maximum of $406 to be spent on the costs of renting a home or apartment.

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%
When considering the overall cost of living expenses in Oxford, NC, it's important to take into account the sales tax for North Carolina, as well as the rate for income tax in North Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for North Carolina is 7.5%, and the sales tax in the state of North Carolina is 4.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in North Carolina starts from 5.75% and goes up to 5.75%.

Goods & Services

ItemOxfordNational avg.Difference
Haircut $15.37$16.094.5%
Beauty Salon $43.85$37.3317.5%
Toothpaste $2.90$2.4518.4%
Shampoo $1.40$1.0040.3%
Movie $9.95$10.283.2%
Bowling $4.33$4.9312.2%


ItemOxfordNational avg.Difference
Ground Beef $3.49$3.808.2%
Fried Chicken $1.26$1.409.8%
Milk $1.82$2.019.3%
Potatoes $3.28$3.019.1%
Pizza $9.32$9.895.7%
Beer $8.21$8.907.8%

Health Care

ItemOxfordNational avg.Difference
Optometrist $108.68$102.166.4%
Doctor $93.53$108.3613.7%
Dentist $86.20$92.536.8%
Ibuprofen $8.70$9.286.2%
Lipitor $421.43$425.821.0%


ItemOxfordNational avg.Difference
Home Price $137,200.00$184,700.0025.7%
Avg. Mortgage Payment $944.12$1,202.4421.5%
Apartment Rent $670.00$949.0029.4%


ItemOxfordNational avg.Difference
Gasoline $2.26$2.240.8%
Tire Balancing $44.82$46.293.2%


ItemOxfordNational avg.Difference
All Electricity$154.43$165.966.9%
Phone $19.95$28.6830.4%
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.
Middleburg, NC8079-21%
Kittrell, NC26780-20%
South Henderson, NC93282-18%
Henderson, NC15,25882-18%
Stovall, NC40683-17%
Oxford, NC8,70787-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carbondale, PA8,70786-14%
Waterford, CA8,7081033%
Murphy, MO8,70691-9%
Woodway, TX8,7081000%
Franklin, KY8,70685-15%
Oxford, NC8,70787-13%
Source: The Oxford, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.