The cost of living index in Oxford, NC, shows a generally lower cost compared to the nationwide average, which is 100. Oxford's overall cost of living index stands at 89, indicating that residents can expect to spend about 11% less than the national average. This lower cost of living makes Oxford an attractive option for those seeking more affordable living conditions.
The cost of living in Oxford, NC, presents a favorable comparison to the nationwide average. For housing, Oxford's index stands at 85, which is 15% lower than the national average of 100. This means residents can expect to pay less for housing, making it a more affordable option compared to other areas. Groceries in Oxford have an index of 92, which is 2% higher than the national average. This slight increase suggests that while groceries are slightly more expensive, the difference is minimal.
Utilities in Oxford have an index of 95, which is 5% higher than the national average. This indicates that utility costs are just a bit above the average, but still manageable. Transportation costs in Oxford are at 90, which is 10% lower than the national average. This means that commuting and other transportation expenses are relatively cheaper in Oxford. Healthcare costs are at 88, which is 12% below the national average. This suggests that healthcare expenses are more affordable in Oxford compared to the rest of the country. Lastly, miscellaneous costs have an index of 87, which is 13% lower than the national average. This includes various other expenses, all of which are more affordable in Oxford.
