Oxford, MS

Living costs in Oxford land close to the national average, with a Cost Index of 98 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $333,400, and typical monthly rents run around $1,093. Groceries and utilities are slightly below what you would find in most US cities.

Start with housing. Typical monthly rent is $1,093, while local median household income is $59,901. That implies a rent-burden proxy of about 22% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Mississippi has a progressive state income tax with a top rate of 5%. The effective property tax rate is 0.81%. On a home worth $333,400, that translates to roughly $2,701 per year in property taxes. Sales tax (state + local) averages around 7.07% on everyday purchases.

The typical monthly rent in Oxford is around $1,093. That's roughly 19% lower than the $1,348 national median. For comparison, the median home value here is $333,400, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Oxford is valued at $333,400. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,686/month for principal and interest alone — before property taxes and insurance. About 44% of residents here own their homes.

Grocery prices in Oxford are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Oxford is a small town with a population of about 26,086. The median age of residents is 30.6, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 26.51%, above the national average of 12.4%.