Oxford, MN is a small town located in the south-east region of Minnesota. This charming little community is home to a variety of local businesses and amenities like barbershops, convenience stores, restaurants, and even a grocery store. The cost of living here is slightly lower than the national average, with two bedroom rent being around $1,240 compared to the national average of $1,430. Additionally, the local Grocery Cost Index in Oxford is 101 versus 100 nationwide. Popular local companies include Oxford Valley Bank and True Value Hardware Store. Overall Oxford is an affordable and pleasant place to live for all types of families and individuals alike.
Oxford has an unemployment rate of 6.2%. The US average is 6.0%.
Oxford has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Oxford
- The Sales Tax Rate for Oxford is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Oxford is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oxford
- The average income of a Oxford resident is $28,241 a year. The US average is $28,555 a year.
- The Median household income of a Oxford resident is $111,667 a year. The US average is $69,021 a year.