Oxford, Ohio Cost Of Living

Buy Rent

B

10%

Overall NAT. AVG.

16%

Goods & Services NAT. AVG.

5%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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.
Index	Oxford	Ohio	National
Cost of living	90	91	100
Goods & Services	85	99	100
Groceries	90	99	100
Health care	78	97	100
Housing	95	73	100
Transportation	99	98	100
Utilities	92	92	100

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Key findings

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
Oxford housing is 5% lower than the national average
Ohio general sales tax is 13% higher than the national average
Ohio state income tax is 16% higher than the national average

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$88,083	$7,340	$2,055	$2,643
Renters	$18,099	$1,508	$422	$543

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Oxford, OH, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Oxford, homeowners have a median income of $88,083. Using that number, a maximum of $2,055 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $18,099, which means there is a maximum of $422 to be spent on the costs of renting a home or apartment.

Ohio Sales Tax

State	General Sales Tax	With Max Surtax
Ohio	5.75%	8%

Ohio Income Tax

State	Income Tax (Low)	Income Tax (High)
Ohio	2.85%	4.797%

Goods & Services

Item	Oxford	National avg.	Difference
Haircut	$17.00	$20.27	16.1%
Beauty Salon	$25.83	$40.39	36.0%
Toothpaste	$2.11	$2.36	10.4%
Shampoo	$0.93	$1.08	13.6%
Movie	$6.32	$10.99	42.4%
Bowling	$10.67	$15.49	31.1%

Groceries

Item	Oxford	National avg.	Difference
Ground Beef	$4.66	$4.30	8.4%
Fried Chicken	$1.13	$1.40	19.0%
Milk	$1.63	$2.20	26.0%
Potatoes	$2.63	$3.22	18.3%
Pizza	$9.32	$10.74	13.2%
Beer	$8.42	$9.60	12.3%

Health Care

Item	Oxford	National avg.	Difference
Optometrist	$55.00	$109.73	49.9%
Doctor	$81.67	$118.34	31.0%
Dentist	$75.00	$100.94	25.7%
Ibuprofen	$8.80	$9.93	11.4%
Lipitor	$498.83	$469.53	6.2%

Housing

Item	Oxford	National avg.	Difference
Home Price	$185,900.00	$184,700.00	0.6%
Avg. Mortgage Payment	$926.31	$1,229.62	24.7%
Apartment Rent	$772.00	$949.00	18.7%

Transportation

Item	Oxford	National avg.	Difference
Gasoline	$2.76	$2.71	1.9%
Tire Balancing	$49.00	$51.86	5.5%

Utilities

Item	Oxford	National avg.	Difference
All Electricity	$145.98	$170.84	14.6%
Phone	$187.80	$187.18	0.3%

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	Population	Cost of Living Index	National Avg.
New Trenton, IN	264	80	19.6%
Mount Carmel, IN	56	81	19.1%
West Elkton, OH	240	84	16.2%
Somerville, OH	259	76	23.6%
Camden, OH	2,013	77	23.1%
Oxford, OH	21,941	90	9.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sunny Isles Beach, FL	21,937	124	24.3%
West Carson, CA	21,929	139	38.8%
Pace, FL	21,922	96	4.0%
Del City, OK	21,962	81	18.6%
Lennox, CA	21,963	129	29.0%
Oxford, OH	21,941	90	9.8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.