Cost of Living
NORMAN is a great place to live, and we should know. For almost 50 years, we’ve been telling people about the wonderful quality of life that comes from a small town atmosphere with big city convenience. It’s important to focus on what our Central Oklahoma community isn’t. Norman isn’t the same as small cities in New York, Florida, Arizona or California. What Norman is is the sixth best small city in the United States, according to Money magazine (2008). And Forbes magazine ranked the Oklahoma City area as the second best housing market (2009).
Norman is an affordable community where both housing costs and cost of living are below the national average according to data compiled by the Norman Economic Development Coalition.
Norman, OK Cost of Living
Median Home Value $142,400
Median Price Asked $87,000
Median Real Estate Tax $1140
Median Year Structure Built 1981
Housing Units 46,076
Median Rent $600.00
Median Family Income (2007) $64,370
Median Household Income (2007) $44,801
Cost of Living Index (Oklahoma City) 89.9%