Owosso, MI (48867) is a city located in Shiawassee County in the state of Michigan. The population of Owosso is approximately 15,000 inhabitants. The 2 bedroom rent in Owosso is relatively affordable at $810 compared to the US average of $1,430. The cost of groceries in Owosso is also below the national average with an Index score of 92 versus 100 for the US.
Owosso offers various local businesses and services to its residents and visitors alike. Notable companies include Shattuck's Music Center, a music store that offers instrument sales and rentals as well as lessons; Munger's Pharmacy, which operates a full-service pharmacy that provides medications and supplies; Bill Purcell Plumbing & Heating Inc., offering plumbing and heating services; TLC Auto Body Repair Inc., providing collision repair and painting services; as well as Hope Clinic Of Shiawassee Region, a non-profit health clinic dedicated to improving healthcare access to uninsured individuals.
Owosso (zip 48867) has an unemployment rate of 5.6%. The US average is 6.0%.
Owosso (zip 48867) 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 (zip 48867)
- The Sales Tax Rate for Owosso (zip 48867) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owosso (zip 48867) 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 (zip 48867)
- The average income of a Owosso (zip 48867) resident is $22,665 a year. The US average is $28,555 a year.
- The Median household income of a Owosso (zip 48867) resident is $50,700 a year. The US average is $69,021 a year.