Oxford charter, MI Cost of Living


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Oxford charter cost of living score
104.9
More expensive
4.9% higher
than the US average
14.6% higher
than the Michigan average
Oxford charter, Michigan gets a BestPlaces Cost of Living score of 104.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.9% higher than the U.S. average and 14.6% higher than the average for Michigan.

Oxford charter, MI

Housing costs in Oxford charter?
A typical home costs $345,600, which is 2.2% more expensive than the national average of $338,100 and 58.0% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Oxford charter 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 charter?
To live comfortably in Oxford charter, Michigan, a minimum annual income of $66,240 for a family, and $37,200 for a single person is recommended.

What does A.I. say about Oxford charter?
The cost of living in Oxford Charter Township, MI is slightly higher than the national average. However, the median home price for a single family home in 2019 was approximately $227,000 - significantly lower than the median home price in other parts of Michigan and the United States. The area also has a lower unemployment rate than most of Michigan and an overall healthy economy. Additionally, there are many housing options available at various prices to accommodate different budgets. Overall, Oxford Charter Township is a great choice for those looking for an affordable place to live with many benefits beyond just financial savings.
   Cost of living score
     CategoriesOxford charterMichiganUnited States
  104.991.5100.0
  99.293.4100
  79.984.8100.0
  105.271.2100.0
  $345,600$218,700$338,100
  99.6%100.1%100.0%
  123.8115.1100.0
  125.095.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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