Key Economic Benchmarks
Median Household Income
$74,268$6,189 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Oxford, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Oxford, AL
Official FY2026 HUD Fair Market Rents for Anniston-Oxford, AL MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $753 | $9,036 | $30,120 | 12.2% |
| 1-Bedroom Apartment | $757 | $9,084 | $30,280 | 12.2% |
| 2-Bedroom ApartmentBenchmark | $962 | $11,544 | $38,480 | 15.5% |
| 3-Bedroom Home | $1,300 | $15,600 | $52,000 | 21% |
| 4-Bedroom Home | $1,361 | $16,332 | $54,440 | 22% |
50/30/20 Living Budget in Oxford, AL
Based on the local median household income of $74,268/year ($6,189/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Alabama
Explore net income after federal income tax, FICA, and Alabama state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Alabama with official federal datasets:
Frequently Asked Questions About Living in Oxford, AL
What is the median household income in Oxford, AL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Oxford, AL is $74,268 per year (approximately $6,189 per month).
What is the average rent in Oxford, AL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Oxford, AL are $753 for a studio, $757 for 1 bedroom, $962 for 2 bedrooms, $1,300 for 3 bedrooms, and $1,361 for 4 bedrooms.
How does the cost of living in Oxford, AL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Oxford, AL is 85.9 (14.1% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Oxford, AL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($962/month) in Oxford, AL requires a minimum gross household income of $38,480 per year ($3,207 per month).
What is a balanced 50/30/20 monthly budget in Oxford, AL?
For a typical household earning the median income of $74,268/year ($6,189/month) in Oxford, AL, a balanced 50/30/20 budget allocates $3,095/month to essential needs (rent, utilities, groceries), $1,857/month to discretionary spending, and $1,238/month to savings and debt repayment.
What are typical electricity and utility costs in Oxford, AL?
Residential electricity rates in Alabama average 16.4¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $148 per month.