Cost of Living: Norman, OK vs Raleigh, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Norman | Raleigh |
|---|---|---|
| Housing Index | 85.5 | 110.0 |
| Median Home Price | $265,000 | $391,000 |
| Average Rent (2 BR Apartment) | $1100 | $1200 |
| Average Rent (2 BR House) | $1200 | $1280 |
Housing Comparison: Norman vs Raleigh
- The median home price in Raleigh is higher at $391,000, compared to $265,000 in Norman.
- In Raleigh, the rental for a two-bedroom apartment stands at $1,200, 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 | Raleigh |
|---|---|---|
| Electricity Price | $12.37 | $13.72 |
| Natural Gas Price | $20.27 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Norman vs Raleigh
- Raleigh has higher electricity costs at $13.72 per kWh, versus $12.37 in Norman.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Norman and Raleigh averaging $250.