Cost of Living: Lebanon, MO vs Norman, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Norman |
|---|---|---|
| Housing Index | 90.0 | 85.5 |
| Median Home Price | $220,000 | $265,000 |
| Average Rent (2 BR Apartment) | $1200 | $1100 |
| Average Rent (2 BR House) | $1280 | $1200 |
Housing Comparison: Lebanon vs Norman
- The median home price in Norman is higher at $265,000, compared to $220,000 in Lebanon.
- Renting a two-bedroom apartment costs more in Lebanon at $1,200 than in Norman at $1,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lebanon | Norman |
|---|---|---|
| Electricity Price | $14.64 | $12.37 |
| Natural Gas Price | $23.25 | $20.27 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lebanon vs Norman
- Electricity costs are higher in Lebanon at $14.64 per kWh, compared to $12.37 in Norman.
- Natural gas is more expensive in Lebanon at $23.25 per unit, while it is cheaper at $20.27 in Norman.
- Utility expenses are equal in both Lebanon and Norman averaging $250.