Cost of Living in Owosso, MI
Population 14,658 · Michigan · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Owosso a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $122,000.
Owosso is about 30 miles northeast of Lansing, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Lansing's $119,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Owosso
The median home value in Owosso is $121,500 — 60% below the national median of $305,000. Median rent runs $831/month, 37% lower than the national median of $1,314/month. The median household income of $53,702/year is 28% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Owosso has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Owosso, MI?
Owosso has a cost index of 49 (100 = national average). It is 51% below the national average.
What is average rent in Owosso, MI?
The median gross rent in Owosso is $831 per month based on 2023 Census data.
What is the average home price in Owosso?
The median home value in Owosso is $121,500 according to Zillow and Census data.
What is the median income in Owosso?
The median household income in Owosso is $53,702 per year (2023 ACS 5-year estimates).
What is the sales tax in Owosso, MI?
The combined state and local sales tax rate in Owosso is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Owosso, MI affordable?
Yes, Owosso is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.
Owosso at a Glance
- Population
- 14,658
- Median Income
- $53,702
- Home Value
- $121,500
- Median Rent
- $831/mo
- Unemployment
- 5.3%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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