Quick facts: Oxford, AL

Quick Facts

93
Cost of Living
below US average
22,002
Population
45.22
Crime Rate per 1000
above US average
$66,031
Median Income
below US average
$199,900
Median House Price
above US average
$1376.36
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,031.

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Income Needed to Buy

βœ“ Affordable
$63k/year
Based on $199,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($66,031) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1376.36/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($66,031) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oxford, AL

Oxford, located in Calhoun County, Alabama, is a charming city known for its rich history and southern hospitality. Situated just northeast of Anniston and approximately 60 miles east of Birmingham, it offers residents and visitors a blend of small-town charm and access to larger urban amenities. The city is recognized for its beautiful parks, including the popular Oxford Lake Park, which features walking trails, picnic areas, and playgrounds, making it a great spot for family outings. Oxford boasts a strong community spirit with a variety of local events and festivals throughout the year, including the Oxford Arts and Crafts Festival, which showcases local artisans and craftsmen. The city's historic downtown area is home to unique shops, boutiques, and eateries, providing a cozy atmosphere for visitors to explore. Education is a priority in Oxford, with well-regarded public schools and proximity to higher education institutions. The area's economy is diverse, with retail, healthcare, and manufacturing as key sectors. With a welcoming atmosphere, rich cultural heritage, and natural beauty, Oxford, AL, is an exceptional place to live or visit.

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