Oxford, MS Cost Of Living
Cost Of Living In Oxford, MS Summary
Cost of living in Oxford research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Oxford is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Mississippi, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Oxford is 96, with 100 being the average.
The cost of living index in Oxford is 1.0x lower than the national average.
Oxford ranks as the #67 cheapest in Mississippi out of 69.
Oxford ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Oxford is $288,600.
The median income in Oxford is $51,096.
Table Of Contents
Oxford's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Oxford, MS?
According to the most recent data on the cost of living, Oxford has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Mississippi, Oxford has a cost of living index that's 1.1x higher than Mississippi's index of 86.
The standard of living in Oxford ranks as #67 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Oxford ranks as the #2 most expensive place in the Magnolia State.
For more reading on life in Oxford, check out:
- Living In Oxford
- Oxford Crime Report
- Search Homes For Sale In Oxford, MS
In Mississippi
In America
Oxford Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Oxford. Here is how it fairs on each of the criteria:
The Services index in Oxford is 90.
The Groceries index in Oxford is 84.
The Health index in Oxford is 81.
The Housing index in Oxford is 112.
The Transportation index in Oxford is 90.
The Utilities index in Oxford is 86.
| Living Expense | Oxford | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 96 | 86 | 100 | |
| Services | 90 | 92 | 100 | |
| Groceries | 84 | 94 | 100 | |
| Health | 81 | 98 | 100 | |
| Housing | 112 | 69 | 100 | |
| Transportation | 90 | 91 | 100 | |
| Utilities | 86 | 87 | 100 | |
Oxford, MS Housing Cost Breakdown
Housing swings affordability the most between places in Mississippi, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Oxford is $288,600.
The Median Rent in Oxford is $1,022.
The Median Income in Oxford is $51,096.
The Home Value To Income in Oxford is 5.6x.
The Rent To Monthly Income in Oxford is 0.24x.
| Statistic | Oxford | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $288,600 | $133,000 | $244,900 |
| Median Rent | $1,022 | $830 | $1,163 |
| Median Income | $51,096 | $49,111 | $69,021 |
| Home Value To Income | 5.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Oxford, MS Costs By Category
Detailed Oxford Services Costs Vs. Mississippi
| Item | Oxford | Mississippi |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $9.75 | $10.68 |
| Bowling | $10.0 | $14.67 |
| Haircut | $16.33 | $18.62 |
| Beauty Salon | $21.89 | $39.05 |
Detailed Oxford Groceries Costs Vs. Mississippi
| Item | Oxford | Mississippi |
|---|---|---|
| Ground Beef | $3.44 | $4.22 |
| Fried Chicken | $0.95 | $1.39 |
| Milk | $1.03 | $2.05 |
| Potatoes | $2.86 | $3.29 |
| Pizza | $10.08 | $10.62 |
| Beer | $8.7 | $9.38 |
| Toothpaste | $1.63 | $2.34 |
Detailed Oxford Health Costs Vs. Mississippi
| Item | Oxford | Mississippi |
|---|---|---|
| Optometrist | $97.78 | $108.57 |
| Doctor | $58.33 | $116.17 |
| Dentist | $81.11 | $99.13 |
Detailed Oxford Transportation Costs Vs. Mississippi
| Item | Oxford | Mississippi |
|---|---|---|
| Gasoline | $1.91 | $2.22 |
| Tire Balancing | $45.33 | $50.07 |
Detailed Oxford Utilities Costs Vs. Mississippi
| Item | Oxford | Mississippi |
|---|---|---|
| All Electricity | $131.41 | $167.67 |
| Phone | $181.26 | $175.64 |
Oxford SnackAbility
/10
Cost Of Living In Cities Around Oxford
The cost of living varies in the cities and towns around Oxford. Here's a quick look at the cost of living in the most populous nearby places:
Southaven, MS has a cost of living index of 88, 0.9x Oxford.
Collierville, TN has a cost of living index of 107, 1.1x Oxford.
Olive Branch, MS has a cost of living index of 94, 1.0x Oxford.
| City | Population | Cost Of Living | Vs. Oxford |
|---|---|---|---|
| Southaven, MS | 54,141 | 88 | 0.9x |
| Collierville, TN | 50,669 | 107 | 1.1x |
| Olive Branch, MS | 39,136 | 94 | 1.0x |
| Tupelo, MS | 37,872 | 82 | 0.9x |
| Hernando, MS | 16,730 | 90 | 0.9x |
| Senatobia, MS | 8,075 | 86 | 0.9x |
| New Albany, MS | 7,657 | 83 | 0.9x |
| Batesville, MS | 7,404 | 82 | 0.9x |
| Pontotoc, MS | 5,621 | 80 | 0.8x |
| Ripley, MS | 5,412 | 78 | 0.8x |
