Oxford, MI is a vibrant city located near Detroit. It's known for its warm hospitality and local charm. The cost of living in Oxford is much lower than the U.S. average, with two bedroom rent averaging $1,180 per month compared to the national average of $1,430 per month. It also boasts a grocery cost index of 99, making groceries more affordable than other parts of the country.
Local companies in Oxford include Oxford Automotive Group and Diesel Services of Michigan. There are many amenities available such as the Paint Creek Trailway for biking and walking, local farmer’s markets on weekends, and numerous parks including Oxford City Park and Seymour Lake Township Park. Residents can also enjoy shopping at stores like Target or Meijer while enjoying a meal at one of the many delicious restaurants like Abruzzo Italian Grill & Bar or Woody’s Oasis Bar & Grill.
Oxford has an unemployment rate of 3.5%. The US average is 6.0%.
Oxford has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher 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 4.3%. 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 $29,417 a year. The US average is $28,555 a year.
- The Median household income of a Oxford resident is $72,934 a year. The US average is $69,021 a year.