Cost of Living in Oxford, MA
Housing
The housing market plays a significant role in determining the cost of living in Oxford, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $356,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Considering a move to Oxford, MA? The median home price is currently 356000, indicating a potentially stable purchase option if housing appreciation is considered. However, be mindful that the housing index has recorded at 125.6, which suggests limited affordability or renting options may be present. The absence of rent data for both a 2-bedroom apartment and house may reflect varying rental markets. For families or long-term residents, it’s crucial to weigh the solid home price against the available rental choices, and research local amenities, schools, and economic conditions prior to decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oxford, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $258 per month
Living in Oxford, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $258 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Oxford is a financially viable option for your relocation.