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Norman, OK Least Expensive Urban Area 12-5-13

Norman, OK Least Expensive Urban Area

Please see the press release below for the actual numbers and the studies information.

Norman, OK rates as the #1 least expensive urban area in the nation! The really nice thing is you can go 5-15 minutes south of Norman and find several small towns that are even less expensive to live in! Noble, Lexington, Purcell, Goldsby, Washington and Blanchard are all quick access to the metropolitan area (Oklahoma City, Norman, Moore, Del City, Midwest City, Edmond) and cost considerably less than Norman. 

For example, homes can typically be purchased for around $10 less per square foot in these smaller communities and you will typically end up with a larger lot and more space between your neighbors.

 

PRESS RELEASE - For Immediate Release 12-6-13

COST OF LIVING INDEX

Among the 306 urban areas that participated in the third quarter 2013 Cost of Living Index, the after-tax cost for a

professional/managerial standard of living ranged from more than twice the national average in New York

(Manhattan) NY to almost 18 percent below the national average in Norman, OK. The Cost of Living Index

is published quarterly by C2ER – The Council for Community and Economic Research.

 

The Ten Most and Least Expensive Urban Areas

in the Cost of Living Index (COLI)

Third Quarter 2013

National Average for 306 Urban Areas = 100

Most Expensive                                                                             Least Expensive

 

Ranking Urban Areas Index

1 New York (Manhattan) NY 221.3                                                  1 Norman OK 82.4

2 New York (Brooklyn) NY 175.6                                                    2 Pueblo CO 82.5

3 Honolulu HI 167.5                                                                      3 Harlingen TX 83.4

4 San Francisco CA 159.9                                                             4 Memphis TN 84.9

5 New York (Queens) NY 151.4                                                     5 Youngstown‐Warren OH 85.5

6 Hilo HI 149.1                                                                            6 Covington KY 85.7

7 San Jose CA 148.8                                                                    7 Tupelo MS 85.8

8 Stamford CT 143.3                                                                    8 Augusta‐Aiken GA‐SC 85.9

9 Washington DC 141.6                                                                9 Birmingham AL 85.9

10 Orange County CA 140.7                                                       10 Sherman‐Denison TX 86.2

 

The Cost of Living Index measures regional differences in the cost of consumer goods and services,

excluding taxes and non-consumer expenditures, for professional and managerial households in the top

income quintile. It is based on more than 90,000 prices covering 60 different items for which prices are

collected quarterly by chambers of commerce, economic development organizations, and university

applied economic centers in each participating urban area. Small differences should not be interpreted as

showing a measurable difference.

The composite index is based on six component categories – housing, utilities, grocery items,

transportation, health care, and miscellaneous goods and services.

The quarterly Cost of Living Index is available by subscription for $165 per year for the print version and

$150 per year for the PDF. The electronic version is available for $250 per year. Be sure and ask about

our new County-Level Index covering over 3,000 counties across the U.S. Send check, payable to C2ER,

P.O. Box 100127, Arlington VA 22210-0407, or subscribe on the Internet at www.coli.org.

If you need additional information on the Cost of Living Index or other COLI-related products such as the

COLI Web Calculator and the COLI Historical Index, please contact Dean Frutiger at dfrutiger@crec.net or

Erol Yildirim at ey@crec.net or by phone at 703-522-4980.

 

_______________________________________

 If you are searching for a property in McClain County (Cities: Purcell, Washington, Goldsby, Wayne, Dibble and Byars) or Cleveland County (Cities: Norman, Lexington, Noble and Slaughterville) I can help you find what you are looking for!

As a Real Estate Professional I specialize in listing and selling residential real estate.  Whether those are new homes, resales, foreclosures, Real Estate Owned (REOs) or short sales, I can help you find your new home or sell your current property.

I also handle farms, ranches, raw land and commercial properties.

 

Licensed to SELL - Dedicated - Experienced - Honest - Than Maynard - Purcell, OK

Head shot

Than Maynard
REALTOR, CRB, Certified Short Sale agent, Certified Foreclosure Agent, Accredited REO Agent
Coldwell Banker Heart of Oklahoma Real Estate
1726 N Green Avenue, Purcell, OK 73080
CELL: (405) 990-8862
OFFICE: (405) 527-3012
www.cbheart.com

 

 

We never stop moving 3d

Comment balloon 10 commentsThan Maynard • December 05 2013 07:24AM
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