Cost of Living: Ames, IA vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ames | Owosso |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $320,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1440 | $1240 |
Housing Comparison: Ames vs Owosso
- In Ames, the median home price is higher at $320,000, while in Owosso it is $155,000.
- The rent for a two-bedroom apartment is equal in both Ames and Owosso at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ames | Owosso |
|---|---|---|
| Electricity Price | $14.82 | $19.88 |
| Natural Gas Price | $15.61 | $15.42 |
| Other Utilities | $180 | $250 |
Utilities Comparison: Ames vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $14.82 in Ames.
- Natural gas is more expensive in Ames at $15.61 per unit, while it is cheaper at $15.42 in Owosso.
- Owosso has higher utility expenses, averaging $250, while Ames averages $180.