Financial Matters

Whether you are living in Oxford, leaving Oxford, or thinking about coming to Oxford, chances are finances are a consideration. ISSS seeks to provide current and accurate information about all financial matters related to working with the university for our international faculty, scholars, and staff members. If you are looking for additional information, please do not hesitate to contact us.

Coming to Oxford?

Please refer to the figures below for information about the estimated cost of living in Oxford:

ESTIMATED COSTS OF LIVING (BASED ON LIVING EXPENSES FOR ONE PERSON)*

Expenses Per Month
Housing (One or Two Bedroom Apartment) $550 – $850
Utilities (Electricity, Water, Sewer, Garbage) $100 – $150
Phone/ Cell Phone $50 – $100
Home Internet Access $20 – $50
Health Insurance for J-1 (if not on UM insurance) $126 – $150
Groceries/Food $600 – $700
Miscellaneous (Travel, Clothing, Bedding, etc.) $200 – $450
TOTALS $1,646 – $2,450
*The estimated costs of living increase with each added dependent. Estimated cost for a J-2 Dependent Spouse is $7000 per year in additional costs. The estimated cost for each J-2 Dependent Child is $5000 in additional costs per child.

If you are coming from another city in the United States, you can compare the cost of living at a variety of websites including:

Note that your city may not be listed on one or more of these websites. Additionally, these websites are only examples and are not affiliated with nor endorsed by the University of Mississippi.

Please refer to our other Financial Matters tabs for additional information about banking, benefits, Social Security, and taxes.