Oxford, MS Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Oxford, MS Summary

Cost of living in Oxford research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Oxford is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Mississippi, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Oxford is 96, with 100 being the average.

  • The cost of living index in Oxford is 1.0x lower than the national average.

  • Oxford ranks as the #67 cheapest in Mississippi out of 69.

  • Oxford ranks as the #2,601 cheapest out of 6,412 in the US.

  • The median home value in Oxford is $288,600.

  • The median income in Oxford is $51,096.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
96
Oxford's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Oxford, MS?

According to the most recent data on the cost of living, Oxford has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.

Compared to Mississippi, Oxford has a cost of living index that's 1.1x higher than Mississippi's index of 86.

The standard of living in Oxford ranks as #67 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Oxford ranks as the #2 most expensive place in the Magnolia State.

For more reading on life in Oxford, check out:

67 out of 69
In Mississippi
2,601 out of 6,412
In America

Oxford Cost Of Living Vs. Mississippi

Six factors go into calculating the cost of living index in Oxford. Here is how it fairs on each of the criteria:

  • The Services index in Oxford is 90.

  • The Groceries index in Oxford is 84.

  • The Health index in Oxford is 81.

  • The Housing index in Oxford is 112.

  • The Transportation index in Oxford is 90.

  • The Utilities index in Oxford is 86.

Living Expense Oxford Mississippi National Average
Overall 96 86 100
Services 90 92 100
Groceries 84 94 100
Health 81 98 100
Housing 112 69 100
Transportation 90 91 100
Utilities 86 87 100
For more reading on cost of living around Mississippi, check out:
Oxford Cost of Living Vs. MS

Oxford, MS Housing Cost Breakdown

Housing swings affordability the most between places in Mississippi, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Oxford is $288,600.

  • The Median Rent in Oxford is $1,022.

  • The Median Income in Oxford is $51,096.

  • The Home Value To Income in Oxford is 5.6x.

  • The Rent To Monthly Income in Oxford is 0.24x.

Statistic Oxford Mississippi United States
Median Home Value $288,600 $133,000 $244,900
Median Rent $1,022 $830 $1,163
Median Income $51,096 $49,111 $69,021
Home Value To Income 5.6x 2.7x 3.5x
Rent To Monthly Income 0.24x 0.2x 0.2x
Search Homes For Sale In Oxford, MS
$288,600
Median Home Value
$1,022
Median Rent
$51,096
Median Income

Oxford, MS Costs By Category

Detailed Oxford Services Costs Vs. Mississippi

Item Oxford Mississippi
Shampoo $0.91 $1.06
Movie $9.75 $10.68
Bowling $10.0 $14.67
Haircut $16.33 $18.62
Beauty Salon $21.89 $39.05

Detailed Oxford Groceries Costs Vs. Mississippi

Item Oxford Mississippi
Ground Beef $3.44 $4.22
Fried Chicken $0.95 $1.39
Milk $1.03 $2.05
Potatoes $2.86 $3.29
Pizza $10.08 $10.62
Beer $8.7 $9.38
Toothpaste $1.63 $2.34

Detailed Oxford Health Costs Vs. Mississippi

Item Oxford Mississippi
Optometrist $97.78 $108.57
Doctor $58.33 $116.17
Dentist $81.11 $99.13

Detailed Oxford Transportation Costs Vs. Mississippi

Item Oxford Mississippi
Gasoline $1.91 $2.22
Tire Balancing $45.33 $50.07

Detailed Oxford Utilities Costs Vs. Mississippi

Item Oxford Mississippi
All Electricity $131.41 $167.67
Phone $181.26 $175.64

Oxford SnackAbility

7
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
4
Diversity
8.5
Safety
6
Amenities
8.5
Education
9
Commute
8.5

Cost Of Living In Cities Around Oxford

The cost of living varies in the cities and towns around Oxford. Here's a quick look at the cost of living in the most populous nearby places:

  • Southaven, MS has a cost of living index of 88, 0.9x Oxford.

  • Collierville, TN has a cost of living index of 107, 1.1x Oxford.

  • Olive Branch, MS has a cost of living index of 94, 1.0x Oxford.

City Population Cost Of Living Vs. Oxford
Southaven, MS 54,141 88 0.9x
Collierville, TN 50,669 107 1.1x
Olive Branch, MS 39,136 94 1.0x
Tupelo, MS 37,872 82 0.9x
Hernando, MS 16,730 90 0.9x
Senatobia, MS 8,075 86 0.9x
New Albany, MS 7,657 83 0.9x
Batesville, MS 7,404 82 0.9x
Pontotoc, MS 5,621 80 0.8x
Ripley, MS 5,412 78 0.8x

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