Oxford, Mississippi is an ideal destination for those looking for a small town community to call home. It has a population of around 22,000 people and offers a range of amenities for locals and tourists alike. It's known as a great place to raise a family with its low crime rates and excellent schools. The 2 bedroom rent in Oxford is slightly higher than the national average at $1,670 per month, while grocery costs are roughly on par with the rest of the country at 99 compared to 100 in the US nationally. Oxford also boasts many local companies that are worth visiting including FNC Inc., Saint Francis Hospital, Yokohama Tire Manufacturing, and Southern Fidelity Insurance Company. All in all, Oxford offers an affordable cost of living when compared to most other places within Mississippi or elsewhere in the US.
Oxford has an unemployment rate of 4.5%. The US average is 6.0%.
Oxford has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 50.9%, which is higher than the US average of 33.5%.
Tax Rates for Oxford
- The Sales Tax Rate for Oxford is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oxford is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oxford
- The average income of a Oxford resident is $22,025 a year. The US average is $28,555 a year.
- The Median household income of a Oxford resident is $51,096 a year. The US average is $69,021 a year.