Cost of Living in Oxford
Oxford's cost of living runs a real, mixed picture: above-median housing costs offset by a genuinely low effective property tax rate and Mississippi's favorable statewide tax structure.
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Learn moreAbove-median housing costs
Oxford's average home value ran approximately $400,674 per Zillow (up 10.8% YoY) -- above both the Mississippi statewide average (~$172,654) and the national median, a real college-town price premium.
A genuinely low property tax rate
Oxford's effective property tax rate ran approximately 0.67-0.75% depending on calculation method -- genuinely low relative to the national median (~1.02%).
Mississippi's real, favorable statewide tax structure
Mississippi's 2026 flat income tax rate runs 4% above a $10,000 single/$20,000 MFJ exemption threshold, with Social Security and qualified retirement income fully exempt statewide.
Key takeaways
- Oxford's housing costs run genuinely above Mississippi and national medians.
- Oxford's effective property tax rate runs genuinely low nationally.
- Mississippi's 4% flat income tax and full retirement-income exemption apply statewide.
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