Oxford · GBP · very high cost city

Savings rate in Oxford — are you on track?

Oxford is a very high cost city. Oxford median rent is around £1,700/month — driven by university demand and proximity to London it is the most expensive city outside the capital. Oxford renters face London-adjacent housing costs without London salaries for most workers outside academia and tech.

Median rent

£1,700/mo

Oxford 2024

Typical other costs

£1,300/mo

excl. housing

Savings benchmark

8–23%

mid-income GBP

Pre-set for Oxford — adjust to your situation

Country
£42,500
£10,000£155,000£300,000+
£1,700/mo
£0£4,000£8,000+

Food, transport, subscriptions, going out — everything except rent

£1,400/mo
£0£3,000£6,000+

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What a good savings rate looks like in Oxford

Using data from ONS Living Costs & Food Survey FYE2024, people at mid-range incomes in United Kingdom typically save between 8–23% of gross income. In a very high cost city like Oxford, housing costs can compress that meaningfully — especially for renters.

Minimum
8%
floor — not building
Expected
16%
benchmark
Strong
32%
top tier

Source: ONS Living Costs & Food Survey FYE2024. Benchmarks shown for mid-income earners in United Kingdom.

See full cost breakdown for Oxford →

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Also in the Verdict suite

SalaryVerdict — Is your Oxford salary competitive?SpendVerdict — Is your Oxford rent too high?