Norman, OK Cost Of Living
Cost Of Living In Norman, OK Summary
Cost of living in Norman 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 Norman 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 Norman is 95, with 100 being the average.
The cost of living index in Norman is 0.9x lower than the national average.
Norman ranks as the #70 cheapest in Oklahoma out of 74.
Norman ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Norman is $192,700.
The median income in Norman is $59,866.
Table Of Contents
Norman's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Norman, OK?
According to the most recent data on the cost of living, Norman has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Norman has a cost of living index that's 1.1x higher than Oklahoma's index of 86.
The standard of living in Norman ranks as #70 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Norman ranks as the #4 most expensive place in the Sooner State.
For more reading on life in Norman, check out:
- Living In Norman
- Norman Crime Report
- Search Homes For Sale In Norman, OK
In Oklahoma
In America
Norman Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Norman. Here is how it fairs on each of the criteria:
The Services index in Norman is 93.
The Groceries index in Norman is 94.
The Health index in Norman is 113.
The Housing index in Norman is 88.
The Transportation index in Norman is 98.
The Utilities index in Norman is 97.
| Living Expense | Norman | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 95 | 86 | 100 | |
| Services | 93 | 92 | 100 | |
| Groceries | 94 | 94 | 100 | |
| Health | 113 | 92 | 100 | |
| Housing | 88 | 70 | 100 | |
| Transportation | 98 | 90 | 100 | |
| Utilities | 97 | 97 | 100 | |
Norman, OK Housing Cost Breakdown
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 Norman is $192,700.
The Median Rent in Norman is $927.
The Median Income in Norman is $59,866.
The Home Value To Income in Norman is 3.2x.
The Rent To Monthly Income in Norman is 0.19x.
| Statistic | Norman | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $192,700 | $150,800 | $244,900 |
| Median Rent | $927 | $862 | $1,163 |
| Median Income | $59,866 | $56,956 | $69,021 |
| Home Value To Income | 3.2x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Norman, OK Costs By Category
Detailed Norman Services Costs Vs. Oklahoma
Detailed Norman Groceries Costs Vs. Oklahoma
Detailed Norman Health Costs Vs. Oklahoma
Detailed Norman Transportation Costs Vs. Oklahoma
Detailed Norman Utilities Costs Vs. Oklahoma
Norman SnackAbility
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Cost Of Living In Cities Around Norman
The cost of living varies in the cities and towns around Norman. Here's a quick look at the cost of living in the most populous nearby places:
Moore, OK has a cost of living index of 88, 0.9x Norman.
Choctaw, OK has a cost of living index of 91, 1.0x Norman.
Newcastle, OK has a cost of living index of 92, 1.0x Norman.
| City | Population | Cost Of Living | Vs. Norman |
|---|---|---|---|
| Moore, OK | 62,633 | 88 | 0.9x |
| Choctaw, OK | 12,130 | 91 | 1.0x |
| Newcastle, OK | 10,970 | 92 | 1.0x |
| Blanchard, OK | 8,511 | 95 | 1.0x |
| Noble, OK | 7,078 | 88 | 0.9x |
| Purcell, OK | 6,506 | 86 | 0.9x |
| Harrah, OK | 6,155 | 89 | 0.9x |
