Housing costs in Oxford?
A typical home costs
$356,500, which is 5.4% more expensive than the national average of
$338,100 and 63.0% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Oxford costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 6.8% more than the state average of
$1,100.
Can I afford Oxford?
To live comfortably in Oxford, Michigan, a minimum annual income of
$68,400 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Oxford?
The cost of living in Oxford, MI is higher than the national average. According to Sperling's Best Places, the cost of living index in Oxford is at 111.2 compared to the US average of 100. Housing costs are particularly high, with an index score of 127.2 for buying a home and 93 for renting. Utilities are also above average, with an index score of 102.9. Despite these higher than average costs, Oxford remains attractive to potential residents due to its small-town atmosphere and close proximity to Detroit and other larger neighboring cities.