Housing costs in Oxford?
A typical home costs
$348,700, which is 3.1% more expensive than the national average of
$338,100 and 59.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Oxford costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 6.0% more than the state average of
$1,100.
Can I afford Oxford?
To live comfortably in Oxford (zip 48371), Michigan, a minimum annual income of
$66,960 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Oxford?
The cost of living in Oxford, MI (zip code 48371) is quite affordable. The median home value is around $233,000—well below the national average of $277,000. Additionally, the median monthly rent is only about $1,200, which is significantly lower than the national rate. Furthermore, many everyday items like groceries and transportation expenses are relatively inexpensive in Oxford compared to other cities. All considered, Oxford provides an affordable lifestyle for its citizens that's hard to beat.