Cost of Living in Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living in Owosso, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
When considering a move to Owosso, MI, the housing index stands at 85.0, indicating a relatively affordable market compared to national averages. The median home price of 155000 makes homeownership more accessible, particularly for first-time buyers. Additionally, rental prices, with an average of 1200 for a 2-bedroom apartment and 1240 for a 2-bedroom house, suggest that housing costs are manageable. Overall, this city offers a balanced housing landscape, making it an attractive option for families and individuals alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Owosso, MI.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Owosso, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Owosso is a financially viable option for your relocation.