salaryRent is lower than in 79% of U.S. cities. A typical house costs about 5.5 years of household income. Most households rent (57%), so there are plenty of rental options. It is a highly educated city: 57.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $45,800 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other Mississippi cities?
Yes. Rent here is cheaper than in most of Mississippi. It is number 29 of 66 cities from cheapest to most expensive.
How much do households earn in Oxford?
Share of households by yearly income. 24.7% of households earn $100,000 or more.
Rent by apartment size in Oxford
| Size | Oxford | U.S. average |
|---|---|---|
| Studio | $1,173 | $1,338 |
| 1 bedroom | $916 | $1,324 |
| 2 bedrooms | $1,241 | $1,509 |
| 3 bedrooms | $1,339 | $1,698 |
| 4 bedrooms | $981 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Oxford overall?
Everyday prices in Mississippi overall are 13% below the U.S. average (index 87.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Oxford, so the Mississippi figure is shown.
Taxes and bills in Oxford
Life in Oxford
Is it cheaper to rent or buy in Oxford?
Renting is cheaper right now: about $1,531 a month less.
Owning assumes a typical $385,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,570 for the down payment.
Frequently asked questions
What is the average rent in Oxford, MS?
Renting in Oxford costs a median of about $1,145 a month in 2026, including utilities. The Mississippi median is $1,187.
How much do I need to make to live in Oxford?
To keep rent under 30% of income, you need about $45,800 a year, or $22 an hour at a full-time job.
Is Oxford cheap or expensive?
Oxford is rated Cheap: rent takes 19.8% of the typical household income of $69,510. It ranks 29th cheapest of 66 Mississippi cities we track.
How much are property taxes in Oxford?
The median homeowner in Oxford pays $2,845 a year in property taxes, about 0.74% of the median home value.
Is Oxford more expensive than the national average?
Overall prices in Mississippi are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Oxford?
The median home value in Oxford is $385,700, about 5.5 times the typical yearly household income.
26,411 people live in Oxford. Numbers are typical (middle) values.