Cost of Living: Mankato, MN vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mankato | Owosso |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $253,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1550 | $1240 |
Housing Comparison: Mankato vs Owosso
- In Mankato, the median home price is higher at $253,000, while in Owosso it is $155,000.
- Renting a two-bedroom apartment costs more in Mankato at $1,500 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 | Mankato | Owosso |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Mankato vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $16.38 in Mankato.
- Owosso experiences higher natural gas costs at $15.42 per unit, with costs at $14.87 in Mankato.
- Owosso has higher utility expenses, averaging $250, while Mankato averages $200.