Cost of Living: Mountain home, AR vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mountain home | Owosso |
|---|---|---|
| Housing Index | 102.0 | 85.0 |
| Median Home Price | $197,000 | $155,000 |
| Average Rent (2 BR Apartment) | $950 | $1200 |
| Average Rent (2 BR House) | $960 | $1240 |
Housing Comparison: Mountain home vs Owosso
- In Mountain home, the median home price is higher at $197,000, while in Owosso it is $155,000.
- Renting a two-bedroom apartment costs more in Mountain home at $950 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 | Mountain home | Owosso |
|---|---|---|
| Electricity Price | $12.36 | $19.88 |
| Natural Gas Price | $17.08 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Mountain home vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $12.36 in Mountain home.
- Natural gas is more expensive in Mountain home at $17.08 per unit, while it is cheaper at $15.42 in Owosso.
- Utility expenses are equal in both Mountain home and Owosso averaging $250.