Oxford, Mississippi Income Statistics
Oxford Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Oxford Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,004 | $56,669 | $80,455 |
| Median Personal Income | $52,006 | $48,086 | $60,758 |
| Average Yearly Income Growth | 9.2% | 4.3% | 4.8% |
| Six-Figure Earners | 10.8% | 7.4% | 13.9% |
| $200k+ Households | 13.8% | 5.8% | 13.2% |
The median household income in Oxford is about 22% higher than in Mississippi. Income has been growing faster in Oxford (9.2%/yr) than in Mississippi (4.3%/yr).
About 11% of adults in Oxford earn six figures ($100,000 or more) a year, higher than the Mississippi average of 7%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Oxford, Mississippi grew by 82.3% from 2009 to 2024, reaching $69,004 in 2024. That's an average of about 9.2% per year.
Income Inequality and the Gender Pay Gap in Oxford
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.662 | 0.566 | 0.552 |
| Male Median Income | $64,038 | $56,525 | $69,667 |
| Female Median Income | $39,970 | $43,645 | $56,850 |
| Gender Pay Gap | 37.6% | 22.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Oxford, it is 0.662, higher than Mississippi's 0.566, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 60% more than women's income in Oxford, Mississippi. Over a 35-year career, a 60% wage gap accumulates to roughly $842,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oxford, Mississippi has widened from about 28% to 38% in 2024. Over that period the gap in 2014 women out-earned men by 3%. In dollar terms, the gap has widened by $9,922 since 2009.
Sharply against the trend: the pay gap in Oxford widened by 9.4 points while Mississippi's narrowed by 2.5 points.
Employment
| Metric | Oxford | Mississippi Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 5.7% | 5.2% |
| Working from Home | 9.6% | 5.9% | 15.0% |
| Commute time (minutes) | 12 | 21 | 22 |
Approximately 310 people are unemployed in Oxford, Mississippi.
The average commute time in Oxford is 12 minutes, shorter than the 21 minutes in Mississippi.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oxford, Mississippi has fallen from 10.9% to 3.3% in 2024. Over that period the rate peaked at 11.3% in 2012 and fell as low as 2.1% in 2023.
Conclusion
Considering all these factors, Oxford, Mississippi has an overall wealth index grade of D, making it about on par with Mississippi, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oxford, Mississippi.
How Wealthy Is Oxford, Mississippi?
Oxford has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $69,004, about 22% higher than the Mississippi average of $56,669.
How has median household income changed in Oxford, Mississippi?
Between 2009 and 2024, the median household income in Oxford, Mississippi rose 82%, from $37,851 to $69,004. Over the same years, income here outpaced Mississippi as a whole: +82% against +54%.
What was the median household income in Oxford in 2023?
In 2023, the median household income in Oxford, Mississippi was $63,906, up 8% from $59,438 in 2022. The Mississippi median that year was $55,083.
What was the median household income in Oxford in 2020?
In 2020, the median household income in Oxford, Mississippi was $52,224. By 2024 it had risen 32% to $69,004.
How many people earn six figures in Oxford, Mississippi?
Yes. 11% of adults in Oxford, Mississippi earn $100,000 or more a year (about 1 in 9), against 7% (about 1 in 14) in Mississippi. 14% of households have a combined income of $200,000 or more, compared with 6% in Mississippi.
How strong is the job market in Oxford, Mississippi?
Unemployment in Oxford, Mississippi is only 3.3%, well below the Mississippi rate of 5.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Oxford, Mississippi?
The Gini coefficient in Oxford is 0.662. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Oxford, Mississippi?
Since 2009, the income gap between men and women in Oxford, Mississippi has widened from about 28% to 38% in 2024. Over that period the gap in 2014 women out-earned men by 3%. In dollar terms, the gap has widened by $9,922 since 2009.
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