What Is the Cost of Living in Oxford, FL, or Central Florida?

Oxford, Florida, is a charming, unincorporated community located in Central Florida within minutes of The Villages and Ocala. Known for its affordable cost of living, pleasant climate, and relaxed lifestyle, Oxford has become a go-to destination for retirees and those looking to be near some of the most renowned entertainment and beaches in the country.

With easy access to Orlando and Tampa, Oxford offers residents the perfect balance. You’re close enough to enjoy the entertainment and amenities of larger cities but can also maintain a low cost of living amidst a peaceful environment. But what does it really cost to live here? Let’s break it down, starting with the housing costs.

What are the Housing Costs?

Housing affordability is one of the top reasons why people are moving to Oxford, FL. Compared to nearby cities like The Villages, Ocala, and Orlando, Oxford has more budget-friendly home options to choose from without limiting your quality of life or the amenities you enjoy.

In general, median home prices in Oxford are lower than in Orlando but slightly higher than in Ocala. As of recent reports, the average cost of a home in Oxford is around $359,582, while in Orlando, the median home price is $377,840.

Additionally, monthly rent in Oxford is around $1,487, which is lower than the average national rent of $1,556 per month. There is a wide variety of home sizes and types to choose from, ranging from single-family homes to townhomes and even manufactured homes.

If you’re seeking an affordable, community-driven lifestyle, Lakeshore provides an economical yet high-quality housing option to enjoy the best of Central Florida without the high price tag.

The Expected Utilities and Energy Costs

Believe it or not, utility expenses in Central Florida are reasonable compared to other states, but they can fluctuate based on the season. Here’s what you can expect:

• Electricity: The average monthly electric bill in Florida is around $144.33, but it can be higher in summer due to air conditioning use.
• Water and Sewer: Expect to pay around $55 per month, depending on how much you use.
• Internet: High-speed internet typically costs $103.66 per month, but you may pay more or less depending on the plan chosen and your provider.

One major advantage of living at Lakeshore is the utility service bundle fee, which can save residents as much as 40% on utility costs. This bundled pricing makes monthly expenses more predictable and affordable.

Potential Transportation Expenses

Owning a car is essential in Oxford, FL, since there are not a lot of options for public transportation. Here’s what you can expect in terms of transportation costs:

• Gas Prices: Florida’s gas prices are slightly below the national average, usually ranging between $3.00 and $3.90 per gallon, depending on the fuel grade you choose.
• Commuting Costs: Many residents drive to nearby cities like Ocala (35 minutes) or Orlando (1.5 hours) for work or entertainment.
• Vehicle Maintenance: Routine car maintenance costs, such as oil changes and tire rotations, remain relatively affordable, with annual expenses averaging $800-$1,500.

While there isn’t a well-connected public transportation system, ride-sharing services and community transportation options are available, especially in areas near The Villages.

Local Food and Grocery Costs

Grocery prices in Oxford and Central Florida are slightly higher compared to the national average yet still relatively affordable. A typical grocery bill for a small household averages around $1,148 monthly. If you like dining out, there are numerous budget-friendly and upscale options for you to choose from. For casual dining, you can expect around $10-$15 per meal, while mid-range restaurants are around $20 to $30 per meal. For more upscale options, you can expect to drop around $50 per person.