The cost of living index in Owosso, Michigan, shows a generally lower cost compared to the nationwide average, which is set at 100. Housing costs in Owosso are notably 22% lower than the national average, while groceries, utilities, and miscellaneous expenses are slightly below the average, ranging from 8% to 10% lower. Healthcare and transportation costs in Owosso are close to the national average, with healthcare at 95 and transportation at 88.
The cost of living in Owosso, Michigan, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Owosso stand at 78, indicating that residents can expect to pay 22% less than the national average. This lower cost can be a significant advantage for those looking to settle in Owosso, as it provides more financial flexibility for other expenses.
In addition to housing, other cost categories also show a positive trend. For instance, groceries cost 92 in Owosso, which is 8% less than the national average. Utilities are priced at 85, which is 15% below the average. Transportation costs are slightly lower, at 88, meaning residents save 12% compared to the national average. Healthcare costs are at 95, only 5% above the average, and miscellaneous expenses are at 90, which is 10% below the average. Overall, these figures suggest that Owosso offers a more affordable living experience in several key areas.
