Cost of Living: Norman, OK vs Laredo, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Norman | Laredo |
|---|---|---|
| Housing Index | 85.5 | 90.0 |
| Median Home Price | $265,000 | $260,000 |
| Average Rent (2 BR Apartment) | $1100 | $950 |
| Average Rent (2 BR House) | $1200 | $960 |
Housing Comparison: Norman vs Laredo
- In Norman, the median home price is higher at $265,000, while in Laredo it is $260,000.
- In Laredo, the rental for a two-bedroom apartment stands at $950, while it is $1,100 in Norman.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Norman | Laredo |
|---|---|---|
| Electricity Price | $12.37 | $14.47 |
| Natural Gas Price | $20.27 | $26.29 |
| Other Utilities | $250 | $150 |
Utilities Comparison: Norman vs Laredo
- Laredo has higher electricity costs at $14.47 per kWh, versus $12.37 in Norman.
- Laredo experiences higher natural gas costs at $26.29 per unit, with costs at $20.27 in Norman.
- Other utility costs are higher in Norman at an average of $250, compared to Laredo with $150.