Cost of Living in Oxford, AL
Housing
The housing market plays a significant role in determining the cost of living in Oxford, AL.
- Housing Index: Data is updating
- Median Home Price is: $265,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
While analyzing the data for Oxford, AL, the housing index is at 0.0, indicating a potentially unstable or unmeasured market. The median home price is \$265000, which can offer an affordable opportunity for buyers in comparison to national averages. However, with no available data on average rents for a 2-bedroom apartment or house (\$0.0, \$0.0), it may suggest limited rental options, which is crucial for potential residents. Consider exploring local amenities, job availability, and overall market trends before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oxford, AL.
- Electricity Price: $15.03 USD (median by state)
- Natural Gas Price: $21.76 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Oxford, AL could entail higher utility costs. Electricity costs sit at $15.03, while natural gas is priced at $21.76 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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.