The cost of living in Owosso, MI, is notably lower than the nationwide average, which is set at 100. The overall index for Owosso stands at 85, indicating that residents generally spend about 15% less on their expenses compared to the national standard.
Specifically, Owosso excels in housing, with an index of 75, which is 25% below the national average. Other areas such as groceries, utilities, transportation, healthcare, and miscellaneous goods also hover slightly below the national average, providing a more affordable living environment.
The cost of living index in Owosso, MI, reveals that residents experience a generally lower cost of living compared to the nationwide average of 100. Housing in Owosso stands at 75, which means housing costs are 25% lower than the average. This significant reduction could make Owosso an attractive option for those seeking more affordable housing options.
When it comes to groceries, the cost of living index in Owosso is 90, indicating that grocery prices are 10% lower than the national average. Utilities in Owosso are at 95, showing they are 5% cheaper. Transportation costs, indexed at 85, are 15% lower than the average. Healthcare, however, has a cost of living index of 80, which means healthcare expenses are 20% lower. Additionally, miscellaneous costs in Owosso are indexed at 88, suggesting these costs are only 12% lower than the national average. Overall, the cost of living in Owosso, MI, presents several areas where expenses are lower, making it potentially more affordable for many families and individuals.
