How Much Does It Cost to Live in Oxford, United Kingdom?

Oxford is a small city located in United Kingdom with a metropolitan area population of 143,016. A couple could live a moderate lifestyle in Oxford on a budget of $3,545 per month, or $42,538 per year.

Cost of Living in Oxford, United Kingdom

As noted above, the cost of living in Oxford, United Kingdom is $3,545 per month for a couple living a moderate lifestyle. This budget consists of $2,084 for housing related costs, $531 for food, and $930 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Oxford is estimated to cost $1,816
  • Basic utilities including electricity, water, and gas will run about $214
  • High-speed internet averages $54

Food

  • Typical grocery costs of $331 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $98
  • Frequent coffees in a neighborhood café are estimated to be about $102

Other

  • Meals out are estimated to be $507 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $200 for public transport passes and occasional taxis
  • Fitness center memberships of $150
  • Cinema tickets of $73 include several outings for international releases

Note that Oxford, United Kingdom is a very walkable city with a Walk Score of 97/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

Amount of Money Needed to Retire in Oxford, United Kingdom

Many people searching the internet for the cost of living in Oxford, United Kingdom are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,063,443 to live a moderate lifestyle in Oxford, United Kingdom.

Annual expenses of $42,538 ÷ 4% = $1,063,443 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Oxford, United Kingdom is affordable coming in at $3,545 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,063,443.