Cost of Living in Oxford, MS
Housing
The housing market plays a significant role in determining the cost of living in Oxford, MS.
- Housing Index: 90.5 / 100
- Median Home Price is: $244000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering moving to Oxford, MS? With a housing index of 90.5, the market appears relatively affordable compared to national averages. The median home price is an attractive 244000, while average rents for a 2-bedroom apartment and house are set at 1200 and 1360, respectively. This indicates that buyers may find better value in purchasing a home rather than renting. Additionally, it's essential to factor in local amenities, schools, and transportation, which further impact your overall living experience and convenience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oxford, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Oxford, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 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.