Housing costs in Owosso?
A typical home costs
$139,500, which is 58.7% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Owosso costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 35.8% cheaper than the state average of
$1,100.
Can I afford Owosso?
To live comfortably in Owosso (zip 48867), Michigan, a minimum annual income of
$26,640 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Owosso?
The cost of living in 48867 Owosso, MI is relatively affordable. The median home value is $109,600 and the median rental price is $701 for a one-bedroom apartment. The overall cost of living index for the area is 77.6, which is below the national average. Additionally, groceries, health care expenses, and utilities are lower than most parts of the country. Although housing costs are higher than many other locations in Michigan, they remain competitively priced when compared to surrounding areas. With a low cost of living and an abundance of amenities such as restaurants, shopping centers and parks, Owosso makes an attractive place to live.