Cost of Living in Norman, NC
Housing
The housing market plays a significant role in determining the cost of living in Norman, NC.
- Housing Index: Data is updating
- Median Home Price is: $235,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the housing market in Norman, NC, it's evident that the housing index stands at 0.0, indicating a challenging environment for prospective homeowners. With a median home price of 235000, affordability may be a concern, especially if the average rent for a 2BR apartment and house are both at zero, suggesting limited rental availability. This could drive demand for homes further, potentially increasing competition and prices. Understand the local employment and economic stats, as these factors greatly influence real estate trends and accessibility in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norman, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Norman, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Norman is a financially viable option for your relocation.