Owosso, MI is a small city located in central Michigan. It is home to several businesses like Ellis Jewelers, Country Mills Family Farm, and the Historic Durand Union Station which has been operating since 1872. It also offers plenty of attractions for visitors such as the Automotive Heritage Museum which showcases vintage vehicles from the early 1900s or the Rollin' Acres Corn Maze where families can get lost in acres of corn! Rent on a two-bedroom apartment in Owosso is significantly lower than the national average ($1,430), and it's Grocery Cost Index is also lower at 92 compared to the US average of 100. All these factors make Owosso an ideal place to live or visit.
Owosso has an unemployment rate of 5.6%. The US average is 6.0%.
Owosso has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Owosso
- The Sales Tax Rate for Owosso is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owosso is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Owosso
- The average income of a Owosso resident is $18,041 a year. The US average is $28,555 a year.
- The Median household income of a Owosso resident is $45,599 a year. The US average is $69,021 a year.