Cost of Living: Plano, TX vs Norman, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Plano | Norman |
|---|---|---|
| Housing Index | 110.5 | 85.5 |
| Median Home Price | $454,000 | $265,000 |
| Average Rent (2 BR Apartment) | $1800 | $1100 |
| Average Rent (2 BR House) | $1925 | $1200 |
Housing Comparison: Plano vs Norman
- In Plano, the median home price is higher at $454,000, while in Norman it is $265,000.
- Renting a two-bedroom apartment costs more in Plano at $1,800 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 | Plano | Norman |
|---|---|---|
| Electricity Price | $14.47 | $12.37 |
| Natural Gas Price | $26.29 | $20.27 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Plano vs Norman
- Electricity costs are higher in Plano at $14.47 per kWh, compared to $12.37 in Norman.
- Natural gas is more expensive in Plano at $26.29 per unit, while it is cheaper at $20.27 in Norman.
- Utility expenses are equal in both Plano and Norman averaging $250.