Cost of Living in Oxford, NC

Population 8,897 · North Carolina · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $48,135, median household incomes in Oxford land roughly 35% below the US median, a gap that tends to persist across local labor-market indicators. At 7.2%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Oxford is about 30 miles northeast of Durham, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 50% lower than Durham's $355,000.

Cost Overview

Housing 58
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Oxford

The median home value in Oxford is $177,200 — 42% below the national median of $305,000. Median rent runs $986/month, 25% lower than the national median of $1,314/month. The median household income of $48,135/year is 35% lower than the US median of $74,580. The local unemployment rate is 7.2%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.0°F and lows of 50.4°F, with about 5.2" of annual snowfall. Overall, Oxford has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$177,200
42% below avg
Zillow Home Value
$245,550
Zillow ZHVI
Median Rent
$986/mo
25% below avg
Price-to-Rent Ratio
15.0x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 52.5%
Renter-occupied 47.5%

💰 Estimated Monthly Budget

Rent median rent
$986
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,600/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.6 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.3%

Commute Mode

Drove alone
84.4%
Carpooled
4.4%
Walked
2.2%
Work from home
8.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$48,135
35% below avg
Per Capita Income
$27,315
Unemployment Rate
7.2%
49% above avg
Poverty Rate
25.3%
Labor Force Participation
54.3%

🎓 Education

Bachelor's degree+ 16.0%
Graduate degree 4.7%

👥 Demographics

Median Age 43.1
Male median age 43.2
Female median age 43.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.0°F
Avg Low
50.4°F
Annual Precip
46.1"
Annual Snowfall
5.2"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525663738087918983736355
Low °F 323440495866706963504034
Precip" 3.432.784.103.533.383.895.024.715.153.373.323.39
Snow" 2.61.40.30.00.00.00.00.00.00.00.10.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
83.5%
Good air days/yr
105
Max AQI recorded
0
PM2.5 days
242
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

83%
4-Year Graduation Rate
16.3:1
Student-teacher ratio
18
Public schools
7,369
Total enrollment

Frequently Asked Questions

What is the cost of living in Oxford, NC?

Oxford has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in Oxford, NC?

The median gross rent in Oxford is $986 per month based on 2023 Census data.

What is the average home price in Oxford?

The median home value in Oxford is $177,200 according to Zillow and Census data.

What is the median income in Oxford?

The median household income in Oxford is $48,135 per year (2023 ACS 5-year estimates).

What is the sales tax in Oxford, NC?

The combined state and local sales tax rate in Oxford is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Oxford, NC affordable?

Yes, Oxford is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

What is the weather like in Oxford?

Oxford has average high temperatures of 72.0°F and average lows of 50.4°F. Annual precipitation is 46.1". Average annual snowfall is 5.2". Data from NOAA 1991–2020 Climate Normals.

Oxford at a Glance

Population
8,897
Median Income
$48,135
Home Value
$177,200
Median Rent
$986/mo
Unemployment
7.2%
Avg High Temp
72.0°F
Sales Tax
7.0%
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