Cost of Living

I’ve lived in Norman for 45 years and absolutely love the small town feel with the big city appeal. In 2009, Forbes magazine ranked the Oklahoma City area as the second best housing market. Just the year before Money magazine named Norman the sixth best small city in the United States.

The Norman Economic Development Coalition listed Norman as a community whose housing cost and cost of living are below the national average. According to the 2014 Cost of Living Index (COLI), Norman was the second least expensive city to live in the U.S. 

Norman, OK Cost of Living

Median Home Value                                      $224,700

Median Price Asked                                       $204,900

Median Real Estate Tax                                $1140

Median Year Structure Built                          1981

Housing Units                                                 44,637

Median Rent                                                   $995

Median Family Income (2007)                    70,708

Median Household Income (2007)            50,714

Cost of Living Index (Oklahoma City)         87.80%

 

Cost of living
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