Housing costs in Norman?
A typical home costs
$97,900, which is 71.0% less expensive than the national average of
$338,100 and 46.1% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Norman costs
$640 per month, which is 55.2% cheaper than the national average of
$1,430 and 31.3% cheaper than the state average of
$840.
Can I afford Norman?
To live comfortably in Norman, Arkansas, a minimum annual income of
$18,720 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Norman?
The cost of living in Norman is fairly affordable compared with other parts of the country. According to BestPlaces, the overall cost of living index for Norman is 79.2, which is 20.8% lower than the national average. The biggest contributing factors to this affordability are housing and healthcare, both of which come in at 24.2% and 12.8%, respectively, lower than the national average. Transportation costs are also relatively low in Norman due to its proximity to larger cities such as Little Rock and Memphis which offer more extensive public transit options. All this makes Norman an attractive option for those looking to live affordably while still being close to major metropolitan areas.