Where is the cheapest place to live in Oxford?

The most affordable area in the wider Oxford area is Banbury (OX16), where the average first-time buyer house price stands at £226,484. To buy there, you would typically need a deposit of £38,751 and required income of £46,933.

Is Oxford an affordable place to live?

Oxford remains the least affordable UK cities for housing with average house prices over 15 times the average salary in 2022 (Centre for Cities 2023). Rented housing in Oxford is also relatively expensive – monthly rents in the city are some of the highest in the South East (Valuation Office Agency).

What is the best area to live in Oxford?

Where is the cheapest place to rent in Oxfordshire?

The districts with the highest recorded rent prices were East Oxford (OX4), North and West Oxford (OX2), Central and South Oxford (OX1) and the districts with the lowest rents were Banbury (OX16), Adderbury (OX17), Alvescot (OX18).

Which city in UK has the lowest cost of living?

In 2021, Bradford was voted the cheapest place in the UK for a single person to relocate to. The city boasts average monthly savings of £600 on living expenses compared with the rest of the country. Utility bills are also lower than the UK average in Bradford according to MoveIQ.

Where to stay in Oxford: Best Areas to Stay in Oxford

Where is the nicest but cheapest place to live in the UK?

The most affordable town in England is Shildon, County Durham, where the average home costs 1.06 times a couple's annual salary. In fact, 8 out of 10 of the most affordable places to buy a home in England are in the North East, with 6 in County Durham.

Where is the nicest cheapest place to live in England?

It indicated that Shildon in County Durham is Britain's budget capital and the most affordable location in England. Shildon has received awards time and time again for being the most cost-effective place to live. It's located only 13 miles from Durham, and closeby to Middlesborough.

What is the cheapest area near Oxford?

For first-time buyer bargains closer to Oxford city centre itself, try Cowley, Blackbird Leys, Littlemore or Iffley (OX4). The area is home to a wide range of amenities including shops, restaurants and leisure facilities, along with Oxford United's home ground, the Kassam Stadium.

What is the cheapest town near Oxford?

Some inexpensive towns near Oxford, UK include Abingdon, Witney, Didcot, and Bicester. These towns are within reasonable commuting distance to Oxford and offer more affordable housing options compared to living directly in the city.

Is Oxford expensive to rent?

A recent study by Plumb Nation found Oxford to be one of the most expensive cities to rent in, overtaking London by quite a large margin. It is sad to say that I am not surprised. With basically London prices, but without the luxury of London wages, some Oxford renters can be left drained after paying their rent.

Where should I live if I work in Oxford?

The most sought-after residential areas are north of the city centre and include Jericho, Central North Oxford, and Summertown. Not only are these areas ideally positioned to offer easy access to the city centre, but these neighbourhoods also offer a mix of amenities and good transport links.

What salary do you need to live in Oxford?

Oxford City Council have announced a new Oxford Living Wage for 2024, going up 10% from £11.35 to £12.49 an hour. The Oxford Living Wage is set at 95% of the London Living Wage. Last month, the real living wage in London increased by 10% to £13.15. The new rate will go into effect starting April 2024.

Is Oxford expensive to live?

Your living costs can vary significantly dependent on your lifestyle. These are estimated to be between £1,345 and £1,955 per month in 2024-25. We provide the cost per month so you can multiply up by the number of months you expect to live in Oxford.

What is the safest city in Oxford?

Where do most students live in Oxford?

How much deposit do I need to buy a house in Oxford?

You will generally be required to pay a deposit with your mortgage lender of between 5-25% of the value of your home. Please note that non-EEA citizens who do not have Indefinite Right to Remain in the UK may be required by their mortgage lenders to make a larger deposit.

Why is Oxford so expensive to rent?

The more expensive regions tend to be in cities like London, Oxford, and Cambridge; Due to their economic opportunities and high demands, causing rents to usually be higher in these areas.

Is it cheaper to live in Oxford than London?

Cost of Living Comparison Between London and Oxford

You would need around 4,794.2£ in Oxford to maintain the same standard of life that you can have with 6,100.0£ in London (assuming you rent in both cities).

Which area of Oxford is expensive?

St Margaret's was the most expensive area of Oxford to buy a house last year, according to data from the Office for National Statistics. Of the 24 council wards in the city, St Margaret's saw the highest median house price in 2021, of £939,900. This was followed by North (£887,500) and Summertown (£805,000).

Are houses in Oxford expensive?

The average house cost in Oxford is already significantly greater than in the rest of the South East. Prospective homeowners can expect to pay more than £500,000 for a property in the city, while the average price across the region is less than £400,000.

Where is the nicest place to live in Oxfordshire?

Is Oxford or Cambridge cheaper to live?

Cost of Living Comparison Between Oxford and Cambridge

You would need around 4,738.4£ in Cambridge to maintain the same standard of life that you can have with 4,800.0£ in Oxford (assuming you rent in both cities).

Which part of UK has cheapest houses?

Where are the lowest house prices in UK?