Cost of Living: Salem, OH vs Owosso, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Salem | Owosso |
|---|---|---|
| Housing Index | 91.8 | 91 |
| Median Home Price | $100,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1363 | $1435 |
| Average Rent (2 BR House) | $1481 | $1560 |
Housing Comparison: Salem vs Owosso
- The median home price in Owosso is higher at $155,000, compared to $100,000 in Salem.
- In Owosso, the rental for a two-bedroom apartment stands at $1,435, while it is $1,363 in Salem.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Salem | Owosso |
|---|---|---|
| Electricity Price | $15.92 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $229 | $237 |
Utilities Comparison: Salem vs Owosso
- Owosso has higher electricity costs at $19.88 per kWh, versus $15.92 in Salem.
- Natural gas price data is currently unavailable.
- Owosso has higher utility expenses, averaging $237, while Salem averages $229.