Cost of Living: Richmond, VA vs Norman, OK (2026)

Richmond

Virginia
98
VS

Norman

Oklahoma
76

Richmond is 29% more expensive than Norman.

$1,314/mo ↑ 23%
Median Rent
$1,064/mo ↓ 19%
$62,671/yr ↓ 4%
Median Income
$65,060/yr ↑ 4%
$328,100 ↑ 37%
Home Value
$239,300 ↓ 27%
$1,374/mo ↑ 23%
Owner Costs
$1,121/mo ↓ 18%
227,595
Population
128,714

Tax Comparison

5.75%
Income Tax
4.75%
5.3%
State Sales Tax
4.5%
0.8%
Property Tax
0.9%

Affordability

25.2%
rent-to-income
Affordability
19.6%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Norman, OK, the overall cost of living indices are 98 and 76 respectively (national median = 100). Rent is $250/month cheaper in Norman, saving renters about $3,000/year.

Median household income is $2,389/year higher in Norman. Home values also differ significantly — the median in Richmond is $328,100 compared to $239,300 in Norman.

Oklahoma has a lower income tax rate, making Norman slightly more tax-friendly.

Frequently Asked Questions

Richmond vs Norman — common questions

Is Richmond or Norman cheaper to live in?
Based on our cost index, Norman is cheaper to live in with an index of 76 compared to 98 (US average = 100).
What is the rent difference between Richmond and Norman?
Median rent in Richmond is $1,314/month and in Norman it's $1,064/month — a difference of $250/month.
Which city has higher income, Richmond or Norman?
Median household income is $62,671 in Richmond and $65,060 in Norman. Median household income is $2,389/year higher in Norman.
How do taxes compare between Virginia and Oklahoma?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax.
Should I move to Richmond or Norman?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Norman has a cost index of 76 with rent of $1,064/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Norman details →

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