The cost of living index in Oxford, MI, shows a generally lower cost compared to the nationwide average, which is set at 100. Housing costs in Oxford are 10% below the national average, with an index of 90. Groceries and transportation also remain slightly below the average, with indices of 95 and 97, respectively.
Utilities, healthcare, and miscellaneous expenses in Oxford are close to the national average, with indices of 100, 98, and 92. This data suggests that Oxford offers a more affordable living environment in certain areas, making it an attractive option for budget-conscious individuals.
The cost of living in Oxford, MI, presents a favorable comparison to the nationwide average, which is set at 100. The housing index in Oxford stands at 90, indicating a 10% lower cost compared to the national average. This suggests that housing expenses in Oxford are more affordable, making it an attractive option for those looking to budget their living costs.
In addition to housing, other cost categories in Oxford also show competitive rates. For instance, groceries have an index of 95, which is 5% below the national average. Utilities, however, match the national average at 100, meaning there is no significant difference in this expense. Transportation costs are slightly lower, with an index of 97, indicating a 3% reduction. Healthcare costs are also slightly below average at 98, showing a 2% decrease. Miscellaneous expenses, with an index of 92, reflect an 8% savings. Overall, Oxford offers a more affordable living experience in several key areas.
