The cost of living index in Oxford, MI, stands at 92, which is 2% below the nationwide average of 100. This indicates that residents of Oxford generally experience a slightly lower cost of living compared to the national average.
Specifically, Oxford's housing index is 8% below the average, while groceries and utilities are close to the national average. Healthcare costs are slightly higher at 7%, but miscellaneous expenses are 11% lower. This balanced index makes Oxford a potentially attractive location for those seeking a more affordable lifestyle.
The cost of living index in Oxford, MI, offers a favorable comparison to the nationwide average, which is set at 100. Housing costs in Oxford stand at 88, indicating that residents spend 12% less on housing compared to the national average. This lower housing expense can be a significant advantage for those looking to relocate or purchase a home in the area.
In addition to housing, other cost categories in Oxford also show competitive rates. For instance, groceries cost 92, which is 8% below the national average. Utilities are priced at 95, just 5% above the average, while transportation costs are at 90, meaning residents spend 10% less on transportation. Healthcare costs are slightly higher at 97, but only 3% above the national average. Miscellaneous expenses in Oxford are at 89, which is 11% less than the average. Overall, these figures suggest that Oxford, MI, provides a cost-effective living environment for many essential expenses.
