Cost of Living: Owosso, MI vs Mercer, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Owosso | Mercer |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $155,000 | $250,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1240 | $Data is updating |
Housing Comparison: Owosso vs Mercer
- The median home price in Mercer is higher at $250,000, compared to $155,000 in Owosso.
- The rent for a two-bedroom apartment is equal in both Owosso and Mercer 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 | Owosso | Mercer |
|---|---|---|
| Electricity Price | $19.88 | $17.6 |
| Natural Gas Price | $15.42 | $11.5 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Owosso vs Mercer
- Electricity costs are higher in Owosso at $19.88 per kWh, compared to $17.6 in Mercer.
- Natural gas is more expensive in Owosso at $15.42 per unit, while it is cheaper at $11.5 in Mercer.
- Utility expenses are equal in both Owosso and Mercer averaging $250.