Cost of living in Noble research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Noble is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oklahoma, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Noble is 88, with 100 being the average.
The cost of living index in Noble is 0.9x lower than the national average.
Noble ranks as the #53 cheapest in Oklahoma out of 74.
Noble ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Noble is $156,400.
The median income in Noble is $85,058.
According to the most recent data on the cost of living, Noble has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Noble has a cost of living index that's 1.0x higher than Oklahoma's index of 86.
The standard of living in Noble ranks as #53 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Noble ranks as the #21 most expensive place in the Sooner State.
For more reading on life in Noble, check out:
Six factors go into calculating the cost of living index in Noble. Here is how it fairs on each of the criteria:
The Services index in Noble is 90.
The Groceries index in Noble is 94.
The Health index in Noble is 113.
The Housing index in Noble is 68.
The Transportation index in Noble is 100.
The Utilities index in Noble is 97.
Living Expense | Noble | Oklahoma | National Average | |
---|---|---|---|---|
Overall | 88 | 86 | 100 | |
Services | 90 | 92 | 100 | |
Groceries | 94 | 94 | 100 | |
Health | 113 | 92 | 100 | |
Housing | 68 | 70 | 100 | |
Transportation | 100 | 90 | 100 | |
Utilities | 97 | 97 | 100 |
Housing swings affordability the most between places in Oklahoma, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Noble is $156,400.
The Median Rent in Noble is $1,025.
The Median Income in Noble is $85,058.
The Home Value To Income in Noble is 1.8x.
The Rent To Monthly Income in Noble is 0.14x.
Statistic | Noble | Oklahoma | United States |
---|---|---|---|
Median Home Value | $156,400 | $150,800 | $244,900 |
Median Rent | $1,025 | $862 | $1,163 |
Median Income | $85,058 | $56,956 | $69,021 |
Home Value To Income | 1.8x | 2.6x | 3.5x |
Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Noble. Here's a quick look at the cost of living in the most populous nearby places:
Norman, OK has a cost of living index of 95, 1.1x Noble.
Moore, OK has a cost of living index of 88, 1.0x Noble.
Newcastle, OK has a cost of living index of 92, 1.0x Noble.
City | Population | Cost Of Living | Vs. Noble |
---|---|---|---|
Norman, OK | 125,745 | 95 | 1.1x |
Moore, OK | 62,633 | 88 | 1.0x |
Newcastle, OK | 10,970 | 92 | 1.0x |
Blanchard, OK | 8,511 | 95 | 1.1x |
Purcell, OK | 6,506 | 86 | 1.0x |