Cost of Living: Lewisville, TX vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lewisville | Owosso |
|---|---|---|
| Housing Index | 98.0 | 85.0 |
| Median Home Price | $368,100 | $155,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1870 | $1240 |
Housing Comparison: Lewisville vs Owosso
- In Lewisville, the median home price is higher at $368,100, while in Owosso it is $155,000.
- Renting a two-bedroom apartment costs more in Lewisville at $1,800 than in 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 | Lewisville | Owosso |
|---|---|---|
| Electricity Price | $14.47 | $19.88 |
| Natural Gas Price | $26.29 | $15.42 |
| Other Utilities | $225 | $250 |
Utilities Comparison: Lewisville vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $14.47 in Lewisville.
- Natural gas is more expensive in Lewisville at $26.29 per unit, while it is cheaper at $15.42 in Owosso.
- Owosso has higher utility expenses, averaging $250, while Lewisville averages $225.