Zip 48371 (Oxford, MI) Cost of Living


1 Reviews



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How much do I need to live in Oxford, Michigan?
$5,580 / month
for a family, 3.3% more expensive than the national average A total of $66,960 for the year for a family.
$3,067 / month
for a single person, 35.7% less expensive than the national average A total of $36,800 for the year for a single person.

Oxford cost of living score
104.9
More expensive
4.9% higher
than the US average
14.6% higher
than the Michigan average
Oxford (zip 48371), 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.

Zip 48371 (Oxford, MI)

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesOxfordMichiganUnited States
    Unlock91.5100.0
  99.2  Unlock100.0
    Unlock84.8100.0
  114.0  Unlock100.0
    Unlock$218,700$338,100
  99.6  Unlock100.0
    Unlock115.1100.0
  125.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Oxford
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We are a young family and moved here 1 year ago from further North. Michigan has really gone down hill economically as a whole, and that is evident in Oxford. On the  More

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