Cost of Living: Minneapolis, MN vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minneapolis | Owosso |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $305,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1240 |
Housing Comparison: Minneapolis vs Owosso
- In Minneapolis, the median home price is higher at $305,000, while in Owosso it is $155,000.
- Renting a two-bedroom apartment costs more in Minneapolis 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 | Minneapolis | Owosso |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Minneapolis vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $16.38 in Minneapolis.
- Owosso experiences higher natural gas costs at $15.42 per unit, with costs at $14.87 in Minneapolis.
- Utility expenses are equal in both Minneapolis and Owosso averaging $250.