Living in Oxford, AL

What's it like Living in Oxford?

Oxford is a mid-sized city located in the state of Alabama. The city has a population of 21,282 residents. If we look at the most recent Census, Oxford is known to have a predominantly White population. The next two most common races are Black and Asian. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Oxford, your commute time will align closely with the national average, spanning a one-way duration of approximately 23 minutes.

Without the right tools, moving to any new area can be very stressful and challenging. Living in Oxford, Alabama could be a positive experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Oxford, AreaVibes has created a livability score using key metrics like cost of living, commute, education, employment, housing and more.

Using data and statistics Oxford has received a livability score of 72/100. This score is ranked in the 82nd percentile when compared to all other cities. For each of the livability categories, we can establish that Oxford ranks very well for cost of living (A+), employment (B-) and housing (A). There is at least one category that did not score well in Oxford. The following was graded with a disappointing score: crime (D-).

The unemployment rate in Oxford has consistently declined over the years and currently stands well below the national average at 2.19%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.

For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Oxford apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.

Assuming that Oxford meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Oxford. Everything else becomes a lot less important if it turns out that home prices in Oxford are simply unattainable. Median real estate prices in Oxford come in at $141,500, which is 10.1% higher than the Alabama average. The home price to income ratio compares the median home prices to the median household income. In Oxford, the home price to income ratio is 2.2, which is 24.1% lower than the Alabama average.

Best Places to Live in and Around Oxford

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