Cost of Living: Norman, OK vs Penelope, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Norman | Penelope |
|---|---|---|
| Housing Index | 85.5 | Data is updating |
| Median Home Price | $265,000 | $180,000 |
| Average Rent (2 BR Apartment) | $1100 | $Data is updating |
| Average Rent (2 BR House) | $1200 | $Data is updating |
Housing Comparison: Norman vs Penelope
- In Norman, the median home price is higher at $265,000, while in Penelope it is $180,000.
- The rent for a two-bedroom apartment is equal in both Norman and Penelope 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 | Norman | Penelope |
|---|---|---|
| Electricity Price | $12.37 | $14.47 |
| Natural Gas Price | $20.27 | $26.29 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Norman vs Penelope
- Penelope has higher electricity costs at $14.47 per kWh, versus $12.37 in Norman.
- Penelope experiences higher natural gas costs at $26.29 per unit, with costs at $20.27 in Norman.
- Utility expenses are equal in both Norman and Penelope averaging $250.