The cost of living index in Oxford, AL, shows that housing is 10% below the nationwide average, which stands at 100. This lower housing cost provides a significant advantage for residents. Grocery prices in Oxford are at 95, slightly lower than the average, while utilities cost 15% less and transportation expenses are 8% below the national average. Healthcare in Oxford is slightly above the national average at 97, which is 3% higher, but the miscellaneous costs are also 12% below the average. Overall, Oxford offers a more affordable living experience compared to the national average in several key areas.
The cost of living in Oxford, AL, offers a slightly more affordable lifestyle compared to the nationwide average, which is set at 100. Housing costs in Oxford stand at 90, which means they are 10% lower than the national average. This makes it easier for job seekers to find reasonably priced homes in the area. Additionally, groceries cost 95, which is 5% less than the average, helping to keep everyday expenses manageable.
Utilities and transportation in Oxford also provide financial relief, with indices of 85 and 92, respectively. This translates to 15% lower utility costs and only 8% less for transportation compared to the national average. Healthcare costs in Oxford are relatively close to the average at 97, meaning they are only 3% higher. Miscellaneous costs are slightly lower at 88, representing 12% below the nationwide average. Together, these factors make Oxford an attractive option for those looking to balance affordability with quality of life.