Cost of Living: Owosso, MI vs South portland, ME
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Owosso | South portland |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $155,000 | $308,000 |
| Average Rent (2 BR Apartment) | $1200 | $1900 |
| Average Rent (2 BR House) | $1240 | $1975 |
Housing Comparison: Owosso vs South portland
- The median home price in South portland is higher at $308,000, compared to $155,000 in Owosso.
- In South portland, the rental for a two-bedroom apartment stands at $1,900, 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 | South portland |
|---|---|---|
| Electricity Price | $19.88 | $22.26 |
| Natural Gas Price | $15.42 | $21.63 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Owosso vs South portland
- South portland has higher electricity costs at $22.26 per kWh, versus $19.88 in Owosso.
- South portland experiences higher natural gas costs at $21.63 per unit, with costs at $15.42 in Owosso.
- Utility expenses are equal in both Owosso and South portland averaging $250.