Housing costs in Norman?
A typical home costs
$190,400, which is 43.7% less expensive than the national average of
$338,100 and 9.0% more expensive than the average Oklahoma home, at
$174,600. Renting a two-bedroom unit in Norman costs
$1,050 per month, which is 12.9% more than the national average of
$930 and 4.8% more than the state average of
$1,000.
Can I afford Norman?
To live comfortably in Norman (zip 73071), Oklahoma, a minimum annual income of
$36,360 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Norman?
The cost of living in 73071 Norman, OK is relatively low compared to other areas in the United States. According to Sperling's Best Places, the cost of living index in Norman is 93.4, which is almost 7 points lower than the national average. Groceries are particularly inexpensive at around 8% below the national average, and rent in Norman is also lower than the national average by about 8%. Utilities are a bit higher at 11% above the national average, but other costs such as health care and transportation are close to or below the national average. All together, this makes Norman a very affordable place to live and provides a great quality of life for both young professionals and families alike.