Oxford, IA is a small city located in Johnson County. It is known for its friendly and welcoming atmosphere as well as its economical living costs. The median cost of rent for a two-bedroom apartment in Oxford is $1,040, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Oxford is 101 versus 100 in the US, making it an attractive option for individuals looking to save money on their food budget. There are various local companies that provide employment opportunities in Oxford such as Wilbur Ellis Co., Kwik Trip, and Arbor Bank. With competitive wages, low rental costs and a favorable grocery cost index, Oxford provides an attractive option for those interested in relocating to Iowa.
Oxford has an unemployment rate of 3.7%. The US average is 6.0%.
Oxford has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Oxford
- The Sales Tax Rate for Oxford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oxford is 9.0%. 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 $27,616 a year. The US average is $28,555 a year.
- The Median household income of a Oxford resident is $65,714 a year. The US average is $69,021 a year.