Cleveland County · Oklahoma · South · 130k residents
Norman, OK: economy, jobs & business costs
The site-selection read on Norman: labor costs, talent, corporate tax, energy, and business activity, with the Oklahoma median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,014/wk. Oklahoma's corporate income tax rate is 4%. Commercial electricity averages 8.9¢/kWh.
Compare Norman side by side
Avg. weekly wage
$1,014/wk
Corporate income tax
4%
Bachelor's degree or higher
45.9%
Commercial electricity
8.9¢/kWh
Economic momentum
How fast Norman's economy is moving, ranked against the US cities we track.
56/100
Steady
Ranks Norman's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $250,100 |
| Price per sq. ft. | $135 |
| Property tax rate | 0.9% |
| 1-bedroom rent | $924/mo |
| 2-bedroom rent | $1,077/mo |
| State & local income tax | 3.62% |
| Sales tax | 9% |
| Corporate income tax | 4% |
| Avg. weekly wage | $1,014/wk |
| Bachelor's degree or higher | 45.9% |
| Commercial electricity | 8.9¢/kWh |
| Businesses per 1k residents | 24.7/1k |
| Wage: Software developer | $122,390 |
| Wage: Registered nurse | $82,920 |
| Wage: General manager | $97,110 |
| Wage: Customer service | $39,330 |
| Wage: Warehouse worker | $35,120 |
| Wage: Heavy truck driver | $54,720 |
| Wage: Electrician | $61,010 |
| Wage: Retail salesperson | $30,160 |
| Cost of living index | 82 |
| Groceries index | 94 |
| Utilities | $160/mo |
| Transit pass | $45/mo |
| Gas price | $2.85/gal |
| Healthcare index | 92 |
| Childcare (per child) | $800/mo |
| Median household income | $67,704 |
| Unemployment rate | 3.4% |
| Population | 130k |
| Crime index | 58/100 |
| School rating | 4.4/10 |
| Walkability | 38/100 |
| Disaster risk | 91/100 |
| Avg. commute | 22 min |
| Sunny days / year | 235 days |
| July high | 93°F |
| January low | 29°F |
| Annual snowfall | — |
| Home price YoY | +1.6% |
| Home price MoM | 0.0% |
| Rent YoY | +3.9% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | +0.7% |
| Building permits YoY | -5.8% |
| Ocean coast | 423 mi |
| Big lake | 103 mi |
| Mountains | 200 mi |
| Major airport | 15 mi |
| Ski resort | 439 mi |
Popular comparisons
Nearby
- Moore, OK · 63k
- Del City, OK · 21k
- Midwest City, OK · 58k
- Oklahoma City, OK · 697k
- Mustang, OK · 22k
Similar size
- Broken Arrow, OK · 118k
- Edmond, OK · 97k
- Lawton, OK · 91k
- Enid, OK · 51k
- Stillwater, OK · 49k
Real listings in Norman
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Norman a good place to run a business?
- Oklahoma's corporate income tax rate is 4%; average weekly wages in the surrounding labor market run $1,014/wk; commercial electricity averages 8.9¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Norman, OK?
- Norman indexes at 82 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,077/mo and a acs median home value of $250,100.
- How much does a house cost in Norman?
- The acs median home value in Norman is $250,100 (Census ACS estimate; individual listings vary).
- How much is rent in Norman?
- A two-bedroom in Norman rents for about $1,077/mo.