Cost of Living: Owosso, MI vs Hillsboro, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Owosso | Hillsboro |
|---|---|---|
| Housing Index | 85.0 | 120.5 |
| Median Home Price | $155,000 | $487,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1240 | $1840 |
Housing Comparison: Owosso vs Hillsboro
- The median home price in Hillsboro is higher at $487,000, compared to $155,000 in Owosso.
- In Hillsboro, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Owosso.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Owosso | Hillsboro |
|---|---|---|
| Electricity Price | $19.88 | $15.12 |
| Natural Gas Price | $15.42 | $16.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Owosso vs Hillsboro
- Electricity costs are higher in Owosso at $19.88 per kWh, compared to $15.12 in Hillsboro.
- Hillsboro experiences higher natural gas costs at $16.5 per unit, with costs at $15.42 in Owosso.
- Utility expenses are equal in both Owosso and Hillsboro averaging $250.