Cost of Living in Oxford, ME
Housing
The housing market plays a significant role in determining the cost of living in Oxford, ME.
- Housing Index: 115.0 / 100
- Median Home Price is: $244,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
Considering relocating to Oxford, ME? The housing index stands at 115.0, indicating that property prices are slightly above the national average. The median home price of 244000 offers an accessible entry point for potential homeowners, while average rents for a 2-bedroom apartment and house are 1500 and 1600, respectively. This suggests a diverse range of housing options, ideal for families or professionals. Remember, housing costs typically reflect quality of life in an area. Ensure to check local amenities and job market trends before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oxford, ME.
- Electricity Price: $22.26 USD (median by state)
- Natural Gas Price: $21.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Oxford, ME could entail higher utility costs. Electricity costs sit at $22.26, while natural gas is priced at $21.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Oxford is a financially viable option for your relocation.