What is the cost of living in Owosso, MI?
According to the most recent data on the cost of living, Owosso has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Michigan, Owosso has a cost of living index that's 0.9x lower than Michigan's index of 91.
The standard of living in Owosso ranks as #17 most affordable out of the 179 places we measured in Michigan. By definition, that implies Owosso ranks as the #162 most expensive place in the Wolverine State.
For more reading on life in Owosso, check out:
Owosso Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Owosso. Here is how it fares on each of the criteria:
The Services index in Owosso is 98.
The Groceries index in Owosso is 100.
The Health index in Owosso is 58.
The Housing index in Owosso is 98.
The Transportation index in Owosso is 97.
The Utilities index in Owosso is 96.
| Living Expense | Owosso | Michigan | National Average |
|---|---|---|---|
| Overall | 83 | 91 | 100 |
| Services | 98 | 97 | 100 |
| Groceries | 100 | 98 | 100 |
| Health | 58 | 75 | 100 |
| Housing | 98 | 98 | 100 |
| Transportation | 97 | 101 | 100 |
| Utilities | 96 | 98 | 100 |
Owosso Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Owosso Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Owosso, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Owosso is $183,751.
The Median Rent in Owosso is $784.
The Median Income in Owosso is $54,229.
The Home Value To Income in Owosso is 3.4x.
The Rent To Monthly Income in Owosso is 0.17x.
Owosso, MI Costs By Category
Detailed Owosso Services costs vs. Michigan
Detailed Owosso Groceries costs vs. Michigan
Detailed Owosso Health costs vs. Michigan
Detailed Owosso Transportation costs vs. Michigan
Owosso SnackAbility
Cost Of Living In Cities Around Owosso
The cost of living varies in the cities and towns around Owosso. Here's a quick look at the cost of living in the most populous nearby places:
Novi, MI has a cost of living index of 116, 1.4x Owosso.
Okemos, MI has a cost of living index of 107, 1.3x Owosso.
Holt, MI has a cost of living index of 98, 1.2x Owosso.
| City | Population | Cost Of Living | Vs. Owosso |
|---|---|---|---|
| Novi, MI | 66,717 | 116 | 1.4x |
| Okemos, MI | 26,396 | 107 | 1.3x |
| Holt, MI | 25,316 | 98 | 1.2x |
| Haslett, MI | 18,559 | 103 | 1.2x |
| South Lyon, MI | 11,950 | 103 | 1.2x |
| Mason, MI | 8,249 | 95 | 1.1x |
| Grand Blanc, MI | 7,987 | 96 | 1.2x |
| Whitmore Lake, MI | 7,878 | 99 | 1.2x |
| Walled Lake, MI | 7,299 | 95 | 1.1x |
| Milford, MI | 6,487 | 108 | 1.3x |
