Housing costs in Oxford?
A typical home costs
$166,900, which is 50.6% less expensive than the national average of
$338,100 and 22.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Oxford costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 5.6% cheaper than the state average of
$940.
Can I afford Oxford?
To live comfortably in Oxford, Alabama, a minimum annual income of
$32,040 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Oxford?
The cost of living in Oxford, AL is overall very affordable compared to other cities of similar size. The median home value is around $119,000 and the median household income is roughly $45,000. Groceries and healthcare costs are generally below the national average while utilities and transportation costs are slightly higher than the rest of the country. Overall, Oxford offers an enjoyable quality of life at a fraction of the cost compared to bigger cities making it an attractive option for those looking for a more economical lifestyle.