Oxford, MS Metro Area is a great place to live for those looking for an affordable lifestyle. The average rent for a two-bedroom apartment is only $1,110, which is much lower than the U.S. median of $1,430. Additionally, grocery costs are even more affordable with an index of 94 versus 100 in the US. Oxford offers many big-name employers such as Yokohama Tire Corporation and Bayer Crop Science located in nearby towns like Batesville and Southaven respectively. Residents can also find employment at local businesses such as Oxford University Press and Southern Motion Furniture Manufacturing Company. All together, Oxford provides its residents with excellent job opportunities and an attractive cost of living that makes it a wonderful place to call home.
Oxford Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Oxford Metro Area 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 Metro Area
- The Sales Tax Rate for Oxford Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oxford Metro Area 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 Metro Area
- The average income of a Oxford Metro Area resident is $21,838 a year. The US average is $28,555 a year.
- The Median household income of a Oxford Metro Area resident is $54,720 a year. The US average is $69,021 a year.