Cost of Living in Norman, OK
Housing
The housing market plays a significant role in determining the cost of living in Norman, OK.
- Housing Index: 85.5 / 100
- Median Home Price is: $265000
- Average Rent (2 BR Apartment): $1100 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Norman, OK? With a housing index of 85.5, the market appears fairly accessible. The median home price is at 265000, which suggests potential for reasonable investment, especially if you are considering long-term living. Additionally, the average rent for a 2-bedroom apartment is 1100, while a 2-bedroom house averages at 1200. This affordability might appeal to families and young professionals alike. Keep in mind local amenities and job opportunities, as these factors can greatly enhance your living experience and financial investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norman, OK.
- Electricity Price: $12.37 USD (median by state)
- Natural Gas Price: $20.27 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Norman, OK could entail higher utility costs. Electricity costs sit at $12.37, while natural gas is priced at $20.27 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Norman is a financially viable option for your relocation.