Quick facts: Oxford, MS

Quick Facts

92.7
Cost of Living
below US average
26,437
Population
18.01
Crime Rate per 1000
below US average
$56,784
Median Income
below US average
$489,900
Median House Price
above US average
$2668.62
Average Rent
above US average
18%
Poverty Rate
above US average
2.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,784.

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Income Needed to Buy

βœ— Stretch
$154k/year
Based on $489,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $154k vs median $56,784
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2668.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $56,784
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oxford, MS

Oxford, Mississippi, is a charming city known for its rich literary heritage and vibrant college town atmosphere. Home to the University of Mississippi, often referred to as "Ole Miss," the city boasts a youthful energy while maintaining a strong sense of history. Founded in 1837, Oxford is famous for its picturesque town square, lined with boutique shops, restaurants, and art galleries. Culturally, Oxford is renowned for its literary connections, particularly to author William Faulkner, who called it home. The Faulkner House Museum and the annual Oxford Conference for the Book celebrate this legacy. The city hosts various festivals throughout the year, including the Oxford Blues Festival and the Double Decker Arts Festival, which showcase local music, art, and cuisine. Outdoor enthusiasts can enjoy nearby natural attractions, such as the scenic Sardis Lake and the stunning trails of the Mississippi hills. With its blend of academic vigor, cultural richness, and southern charm, Oxford offers residents and visitors a unique and welcoming experience.

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