Owosso, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
90
Owosso's Overall Cost Of Living
0.9x
Lower Than The National Average
84 out of 175
In Michigan
1,633 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Owosso is expensive, while a number below 100 means it's a relatively cheap place to live.

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 90 which is 0.9x lower than the national index of 100.

Compared to only Michigan, Owosso has a cost of living index that's 1.0x lower than Michigan's index of 91.

The standard of living in Owosso ranks as #1,633 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Owosso ranks as the #4,785 most expensive place in the Wolverine State.

For more reading on life in Owosso, check out:

Owosso Cost Of Living Vs. Michigan

Living Expense Owosso Michigan National Average
Overall 90 91 100
Services 110 95 100
Groceries 100 90 100
Health 98 96 100
Housing 48 76 100
Transportation 108 101 100
Utilities 95 103 100
For more reading on cost of living around Michigan, check out:
Owosso Cost of Living Vs. MI

Owosso, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$91,200
Median Home Value
$722
Median Rent
$41,943
Median Income
Statistic Owosso Michigan United States
Median Home Value $91,200 $162,600 $229,800
Median Rent $722 $892 $1,096
Median Income $41,943 $59,234 $64,994
Home Value To Income 2.2x 2.7x 3.5x
Rent To Monthly Income 0.21x 0.18x 0.2x

Detailed Owosso Services Costs Vs. Michigan

Item Owosso Michigan
Shampoo $0.94 $1.06
Movie $11.26 $10.68
Bowling $19.8 $14.67

Detailed Owosso Groceries Costs Vs. Michigan

Item Owosso Michigan
Ground Beef $4.55 $4.22
Fried Chicken $1.13 $1.39
Milk $1.44 $2.05

Detailed Owosso Health Costs Vs. Michigan

Item Owosso Michigan
Haircut $18.95 $18.62
Beauty Salon $54.27 $39.05
Toothpaste $2.43 $2.34

Detailed Owosso Transportation Costs Vs. Michigan

Item Owosso Michigan
Potatoes $4.18 $3.29
Pizza $10.82 $10.62
Beer $8.42 $9.38
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Owosso Utilities Costs Vs. Michigan

Item Owosso Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Owosso SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
8
Diversity
5
Safety
6
Amenities
9
Education
6
Commute
8

Cost Of Living In Cities Around Owosso

City Population Cost Of Living Vs. Owosso
Novi, MI 60,439 113 1.3x
Holt, MI 25,888 86 1.0x
Okemos, MI 24,295 101 1.1x
Haslett, MI 19,223 93 1.0x
South Lyon, MI 11,818 101 1.1x
Mason, MI 8,441 85 0.9x
Whitmore Lake, MI 8,010 99 1.1x
Grand Blanc, MI 7,881 97 1.1x
Walled Lake, MI 7,153 94 1.0x
Milford, MI 6,502 99 1.1x

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