Cost of Living in Norman, Oklahoma
In Norman, the median household income is $67,704 and the median gross rent is $1,090/mo, with a median home value of $250,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $67,704
- Median gross rent
- $1,090/mo
- Median home value
- $250,100
- Population
- 129,672
How Norman compares to the Oklahoma average
| Measure | Norman, OK | Oklahoma statewide | Difference |
|---|---|---|---|
| Median household income | $67,704 | $65,039 | +4.1% |
| Median gross rent (monthly) | $1,090 | $1,014 | +7.5% |
| Median home value | $250,100 | $199,800 | +25.2% |
Statewide, Oklahoma prices average 87.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Norman
- Salary needed for median rent
- $43,600
- Rent burden at median income
- 19.3%
- Est. affordable home price
- $246,980
So that $1,090/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Norman is $250,100 — +1.3% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Oklahoma cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.