Cost of Living in Norman, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.7
100 = national avg
-28.3 vs national average
Living Wage (1 Adult)
$31,567
per year
Living Wage (Family of 4)
$74,614
per year
Cost Index by Category
Housing20.6
Food98.2
Transportation114.3
Healthcare98.6
Utilities83.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$814
per month
2 Bedroom
$925
per month
The overall cost of living index in Norman is 71.7, which is 28.3% below the national average. Housing costs are below the national average at an index of 20.6. A single adult needs to earn approximately $31,567 per year to cover basic expenses.