Cost of Living: Covington, TN vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Owosso |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $205,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1000 | $1240 |
Housing Comparison: Covington vs Owosso
- In Covington, the median home price is higher at $205,000, while in Owosso it is $155,000.
- The rent for a two-bedroom apartment is equal in both Covington 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 | Covington | Owosso |
|---|---|---|
| Electricity Price | $12.57 | $19.88 |
| Natural Gas Price | $12.35 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Covington vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $12.57 in Covington.
- Owosso experiences higher natural gas costs at $15.42 per unit, with costs at $12.35 in Covington.
- Owosso has higher utility expenses, averaging $250, while Covington averages $200.