| Index | Oxford | Ohio | National |
| Cost of living | 99 | 89 | 100 |
| Groceries | 99 | 97 | 100 |
| Health care | 96 | 96 | 100 |
| Housing | 102 | 74 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 98 | 96 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 97 | 97 | 100 |
| Education & Childcare | 93 | 93 | 100 |
Knowing the cost of living in Oxford allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Oxford stands at 99, marking it 1% lower than the national average.
The cost of living in Oxford aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Oxford residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Oxford affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Oxford, for instance, where the median home price falls 7.8% higher than the national average, and monthly rent rates are 12.2% lower than usual. Additionally, median income levels contribute to the equation, with Oxford flaunting a median household income of $58,649, 27.9% lower than the national norm.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Oxford, the housing index is 1.8% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Oxford, the transportation index is 2.2% lower than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Oxford, the utilities index stands at 2% lower than the national average.
The cost of living estimates displayed for Oxford are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $165,137 | $13,761 | $3,853 | $4,955 |
| Renters | $30,322 | $2,527 | $707 | $910 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Mount Carmel, IN | 13 | 97 | 2.8% |
| West Elkton, OH | 120 | 83 | 16.6% |
| College Corner, OH | 286 | 84 | 16.0% |
| Somerville, OH | 316 | 85 | 15.4% |
| West College Corner, IN | 519 | 85 | 15.2% |
| Oxford, OH | 23,787 | 99 | 1.4% |
| City | Population | Cost of Living Index | National Avg. |
| Leesburg, FL | 23,785 | 101 | 0.7% |
| Union Hill-Novelty Hill, WA | 23,783 | 202 | 102.4% |
| Auburn, ME | 23,804 | 101 | 0.5% |
| Oakdale, CA | 23,805 | 133 | 32.9% |
| Farmington, MN | 23,819 | 113 | 12.6% |
| Oxford, OH | 23,787 | 99 | 1.4% |
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