Is Norman, OK cheaper than Waco, TX?

Based on cost of living data, Norman, OK is 10.0% cheaper than Waco, TX. This translates to saving $752 per month.

What salary do I need in Norman, OK to live like I do in Waco, TX?

If you earn $150,000 in Waco, TX, you'd need approximately $140,975.888 in Norman, OK to maintain the same standard of living.

How does housing cost compare between Waco, TX and Norman, OK?

Housing in Norman, OK is 14.5% cheaper than in Waco, TX. For a two-bedroom apartment, rent is $1,057/month in Norman, OK compared to $1,034/month in Waco, TX.

How much can I save per month by moving from Waco, TX to Norman, OK?

Moving from Waco, TX to Norman, OK could save you approximately $752 per month, or $9024 per year, based on a $150,000 salary.

Waco, TX vs Norman, OK: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Waco, TX

Numbers update automatically as you type

You'd save $752/month moving to Norman, OK

$150.0K in your current city equals $141.0K in Norman, OK

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 10.0%

Less expensive

Monthly Impact

$752

Savings

Annual Impact

$9.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Waco, TX

Population:145K

Cost Index:

100

100 = national average

Median Home:$241K

Norman, OK

Population:130K

Cost Index:

(10% below avg)

Median Home:$236K

Waco, TX

The Lone Star State

145K

Population

State Tax

No Income Tax

Located in Texas, this city has a population of 145K residents.

💡 Advantage: Texas has no state income tax!

Norman, OK

The Sooner State

130K

Population

State Tax

Yes

Located in Oklahoma, this city has a population of 130K residents.

Cost Breakdown by Category

Annual spending: Waco, TX vs Norman, OK

Category	Waco, TX	Norman, OK	Difference	Change
Housing	$1,950/mo	$1,668/mo	↓ $282less	14.5%
Groceries	$970/mo	$883/mo	↓ $87.01less	9.0%
Healthcare	$626/mo	$541/mo	↓ $84.58less	13.5%
Transportation	$1,273/mo	$1,224/mo	↓ $48.64less	3.8%
All Utilities	$557/mo	$510/mo	↓ $47.82less	8.6%
Other	$1,576/mo	$1,532/mo	↓ $43.77less	2.8%

Housing

↓ 14.5%

Waco, TX

$1,950

Norman, OK

$1,668

Difference

$282

less

Groceries

↓ 9.0%

Waco, TX

$970

Norman, OK

$883

Difference

$87.01

less

Healthcare

↓ 13.5%

Waco, TX

$626

Norman, OK

$541

Difference

$84.58

less

Transportation

↓ 3.8%

Waco, TX

$1,273

Norman, OK

$1,224

Difference

$48.64

less

All Utilities

↓ 8.6%

Waco, TX

$557

Norman, OK

$510

Difference

$47.82

less

Other

↓ 2.8%

Waco, TX

$1,576

Norman, OK

$1,532

Difference

$43.77

less

🏠Rent Comparison

Studio

From$709

To$794

↑ $85.00

1 Bed

From$834

To$860

↑ $26.00

2 Bed

From$1,034

To$1,057

↑ $23.00

3 Bed

From$1,334

To$1,425

↑ $91.00

Waco, TXZIP-level data

1BR range: $1,000–$1,160/mo

Norman, OKZIP-level data

1BR range: $990–$1,080/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,952

Monthly in Waco, TX

$6,358

Monthly in Norman, OK

$594

Difference

Home Values

Waco

Norman

$241K

Median Value

$236K

↓ -1.1%

YoY Change

↑ +2.1%

↑ +32.7%

5-Year Change

↑ +36.8%

$137K - $296K

Price Range

$219K - $311K

Homes in Norman are 2% less expensive than Waco

Calculate payment - Waco Calculate payment - Norman

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $7.3K

More taxes

Monthly Difference

$607

Less take-home

Effective Rate Diff

4.9%

Rate difference

Waco, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Norman, OK

Federal Income Tax

Effective: 18.9%

$25.5K

Oklahoma State Tax

Effective: 4.9%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.5%

$44.3K

Take-Home Pay

$8,809/month

$105.7K

Additional Tax Information

Waco, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

Norman, OK Tax Rates

Sales Tax:8.9%

Property Tax:0.9%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.