Oxford, NE is a small town located in the Midwest with a population of about 1,400 people. It is known for its affordable housing and low cost of living. The average monthly rent for a two bedroom apartment in Oxford is $850 compared to the national average of $1,430. Additionally, the local grocery cost index in Oxford is 91 versus the national index of 100. This means that groceries are more affordable in Oxford than they are in other places around the country.
Oxford has many local businesses such as A&B Builders Supply, Charlie’s Supermarket and Bakery, and Rhodes Music K&L. A&B Builders Supply is a hardware store that provides lumber and building materials to contractors and homeowners alike. Charlie’s Supermarket and Bakery offers fresh produce and baked goods while Rhodes Music K&L specializes in musical instruments and sound systems. Other businesses include BK Auto Repair, Central Nebraska Loans & Investments, and Sadie’s Floral Design Studio.
Oxford has an unemployment rate of 1.8%. The US average is 6.0%.
Oxford has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 19.7%, which is lower than the US average of 33.5%.
Tax Rates for Oxford
- The Sales Tax Rate for Oxford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Oxford is 6.8%. 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 $23,338 a year. The US average is $28,555 a year.
- The Median household income of a Oxford resident is $44,118 a year. The US average is $69,021 a year.