Cost of Living: Detroit, MI vs Oxford, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Detroit | Oxford |
|---|---|---|
| Housing Index | 72.0 | 90.5 |
| Median Home Price | $100,000 | $244,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1360 |
Housing Comparison: Detroit vs Oxford
- The median home price in Oxford is higher at $244,000, compared to $100,000 in Detroit.
- The rent for a two-bedroom apartment is equal in both Detroit and Oxford at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Detroit | Oxford |
|---|---|---|
| Electricity Price | $19.88 | $13.42 |
| Natural Gas Price | $15.42 | $22.19 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Detroit vs Oxford
- Electricity costs are higher in Detroit at $19.88 per kWh, compared to $13.42 in Oxford.
- Oxford experiences higher natural gas costs at $22.19 per unit, with costs at $15.42 in Detroit.
- Utility expenses are equal in both Detroit and Oxford averaging $200.