Housing costs in Oxford?
A typical home costs
$171,300, which is 49.3% less expensive than the national average of
$338,100 and 20.0% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Oxford costs
$960 per month, which is 2.1% more than the national average of
$940 and 16.7% more than the state average of
$800.
Can I afford Oxford?
To live comfortably in Oxford (zip 36203), Alabama, a minimum annual income of
$32,760 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Oxford?
The cost of living in 36203 Oxford, AL is fairly affordable and is below the national average. According to data from BestPlaces, the cost of living index in Oxford is approximately 91.4, which is 8.6 points lower than the national index of 100. The housing prices are much lower when compared to other cities in Alabama and nationwide, with an average rent for a one bedroom apartment coming in around $584 per month as of January 2020. Groceries are also more affordable than many other parts of the country, with a restaurant meal for two averaging around $25 and a liter of milk costing just over $1. All these factors make 36203 Oxford, AL an attractive destination for those looking to find quality housing at a reasonable price without sacrificing too much quality of life.