Cost of Living in Oxford, MA

With a cost of living index of 95, Oxford, MA is slightly more affordable than average. Living here is 5% cheaper than the national average and 35% below the Massachusetts state average of 129. Oxford is a smaller community of 5,572 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Oxford's cost of living. The median monthly rent is $1,047 (21% below the US median of $1,319), and the median home value sits at $327,300 (7% above the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Oxford is $91,742, which is 22% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Oxford. The area sees an average annual temperature of 48.1°F, with summers averaging 68°F and winters around 27°F. Annual rainfall totals 48.3 inches spread over roughly 138 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Worcester, MA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.