The cost of living index in Owosso, MI, is notably lower than the nationwide average, which is 100. Specifically, Owosso's overall cost of living stands at 85, indicating a 15% reduction from the national average. This lower cost of living makes Owosso an attractive option for job seekers looking to maximize their purchasing power.
Housing in Owosso is 25% cheaper than the national average, with an index of 75. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also show a favorable comparison, with indices of 90, 85, 80, 95, and 88, respectively. These figures highlight Owosso's potential to offer a more affordable lifestyle.
The cost of living index in Owosso, Michigan, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Owosso stand at 75, which is 25% lower than the national average. This lower cost can make housing more affordable for individuals and families, potentially freeing up more of their budget for other expenses.
Other areas also show a positive trend. Groceries in Owosso cost 90, which is 10% lower than the national average. Utilities are priced at 85, which is 15% lower. Transportation costs are at 80, 20% below the national average. Healthcare costs are slightly higher, at 95, which is 5% above the national average. Miscellaneous costs are at 88, which is 12% lower. Overall, Owosso offers a cost of living that is competitive and often more affordable than the national average.
