Zip 73071 (Norman, OK) Economy


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The city of Norman, Oklahoma (Zip code 73071) is an excellent place to live with a low cost of living. The 2 bedroom rental rate in Norman is $1,050, which is significantly lower than the US average at $1,430. Additionally, grocery costs are 96 out of 100 compared to the national average. With this affordable lifestyle, residents can enjoy a great quality of life with some notable local businesses such as Landrun Donuts, Diva Coffee Co., and Cafe Antigua all offering delicious food. There are also plenty of cultural attractions like the Sam Noble Oklahoma Museum of Natural History and the Fred Jones Jr Museum of Art for people to explore and enjoy. All in all, Norman provides an excellent option for those looking for a relaxed lifestyle with plenty to do.

Norman (zip 73071) has an unemployment rate of 3.3%. The US average is 6.0%.

Norman (zip 73071) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.

Tax Rates for Norman (zip 73071)
- The Sales Tax Rate for Norman (zip 73071) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Norman (zip 73071) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Norman (zip 73071)
- The average income of a Norman (zip 73071) resident is $25,322 a year. The US average is $28,555 a year.
- The Median household income of a Norman (zip 73071) resident is $54,360 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorman, OklahomaUnited States
  3.36
  -3.4%-6.2%
  33.9%33.5%
  8.8%6.2%
  5.0%4.6%
  $29,620$37,638
  $54,360$69,021
  $77,169$85,028
  Population by Occupation
  0.2%1.2%
  1.2%0.5%
  6.3%6.8%
  7.0%10.0%
  1.6%2.5%
  11.4%11.0%
  3.3%4.8%
  0.4%0.8%
  2.5%1.9%
  3.5%4.7%
  2.1%1.9%
  7.4%7.6%
  0.0%0.1%
  2.5%4.2%
  15.1%9.3%
  13.7%14.0%
  1.9%2.1%
  10.2%7.0%
  3.8%4.8%
  5.9%4.7%
Health