Oxford, OH, has a cost of living index that is slightly below the nationwide average. The overall index stands at 89, which means it is 11% lower than the national average of 100. Housing costs in Oxford are notably lower, with an index of 82, while groceries and healthcare are close to the national average at 95 each. Utilities, transportation, and miscellaneous expenses also remain just below the national average, with indices of 90, 87, and 88, respectively.
The cost of living in Oxford, OH, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Oxford stand at 82, indicating a 18% reduction compared to the national average. This makes housing more affordable for residents and job seekers in the area. Lower housing costs can significantly ease the financial burden, allowing individuals to allocate more resources to other essential needs.
In addition to housing, other categories also reflect a cost-effective living environment in Oxford. Groceries, utilities, transportation, healthcare, and miscellaneous expenses are all below the national average. Groceries cost 95, utilities 90, transportation 87, healthcare 95, and miscellaneous items 88. These figures show that residents can save between 5% and 10% in these areas. Such savings can be particularly beneficial for those on a fixed income or budget-conscious individuals. Overall, Oxford offers a more economical lifestyle compared to the national average.
