Oxford, OH

Very Low · 71

Ohio · Population 22,069 · Updated March 2026

$989
Median Rent / Month
$42,147
Median Income
$232,200
Median Home Value
$981
Owner Costs / Month

Affordability

How far your income goes in Oxford

28.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Ohio

State-level tax rates that affect your costs

3.5%
Income Tax (Top Rate)
5.75%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$11,868
Annual Rent
$1,475
State Income Tax
$3,553
Property Tax (est.)

Cost of Living Overview

Oxford is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 71 (where 100 equals the national median), Oxford residents can expect to pay median rent of $989/month while earning a median household income of $42,147/year.

The median home value in Oxford, OH is $232,200, with typical monthly owner costs around $981 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.2%, Oxford falls within the generally affordable range, though it's approaching the 30% burden threshold.

Ohio has a moderate income tax rate of 3.5%. Combined with a 5.75% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Oxford.

Frequently Asked Questions

Common questions about living costs in Oxford

What is the cost of living in Oxford, OH?
The cost of living index in Oxford, OH is 71 (US average = 100). Median monthly rent is $989, median household income is $42,147/year, and the median home value is $232,200.
Is Oxford, OH affordable?
Yes, Oxford is more affordable than the national average with a cost index of 71. The rent-to-income ratio is 28.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oxford, OH?
The median gross rent in Oxford, OH is $989 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,868.
What is the median household income in Oxford?
The median household income in Oxford, OH is $42,147 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Ohio?
Ohio has a top income tax rate of 3.5%, a sales tax of 5.75%, and an effective property tax rate of 1.53%.