Living in Owosso, Michigan
Cost of living, income, home prices, rent and demographics of Owosso · Census data 2020–2024
Owosso has 14,632 residents with a median age of 38.9. The median household income is $54,229 (26% lower than the Michigan median), the median home value is $132,600, the median rent is $784/month.
Owosso at a glance
- Population
- 14,632
- Median age
- 38.9State: 40.2
- Median household income
- $54,229State: $72,875
- Median home value
- $132,600State: $231,600
- Median rent
- $784/moState: $1,129
- Homeowners
- 68.3%
- Bachelor's degree or higher
- 21.1%
- Average commute
- 23 min
Is Owosso a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 23 minutes; unemployment of 5.5%.
Cons: Median household income 26% lower than the Michigan median; a poverty rate of 17.2%.
The weather is best in June to September.
Cost of living in Owosso
Housing is the biggest part of the cost of living. In Owosso the median home value is $132,600, 60% lower than the U.S. median. Renters pay a median of $784 per month, which is 29.7% of household income. Homeowners with a mortgage pay $1,135 a month in housing costs.
Owosso median household income
The median household income in Owosso is $54,229 and the income per person is $34,428. 17.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in Owosso: homes for sale and rent
- Housing units
- 6,960
- Owner-occupied
- 68.3%
- Renter-occupied
- 31.7%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.29
Owosso demographics
- Population
- 14,632
- Median age
- 38.9
- Under 18
- 21%
- 65 and older
- 15.7%
- Households
- 6,320
- Foreign-born
- 0.9%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Owosso ›
Education in Owosso
21.1% of adults 25 and older in Owosso have a bachelor's degree or higher (Michigan: 32.4%), and 4.8% have a graduate or professional degree.
Jobs and commute in Owosso
- Unemployment rate
- 5.5%State: 5.7%
- Average commute
- 23 minState: 24 min
- Work from home
- 5.7%
- Drive alone
- 80.5%
- Public transit
- 0.4%
- Walk to work
- 2.6%
- Homes with broadband
- 90.8%
Owosso vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Owosso | 14,632 | $54,229 | $132,600 | $784 |
| Middletown | 799 | $46,250 | $90,700 | $869 |
| Corunna | 3,037 | $46,141 | $151,000 | $932 |
| Henderson | 320 | $73,750 | $173,100 | $1,031 |
| Vernon | 697 | $69,625 | $133,400 | $1,250 |
| Bancroft | 469 | $90,000 | $135,600 | $944 |
| Ovid | 1,370 | $50,145 | $110,600 | $849 |
| Oakley | 257 | $53,750 | $84,000 | $907 |
| Morrice | 1,550 | $66,071 | $121,900 | $1,010 |
More for people moving to Owosso
Owosso ZIP code ›Weather and climate ›Living in Owosso: FAQ
What is the median household income in Owosso, MI?
The median household income in Owosso is $54,229, 26% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Owosso?
The median home value in Owosso is $132,600, compared with $231,600 in Michigan.
How much is rent in Owosso?
The median gross rent in Owosso is $784 per month, about 29.7% of household income.
Is Owosso, MI a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 23 minutes; unemployment of 5.5%. Minuses: median household income 26% lower than the Michigan median; a poverty rate of 17.2%.
What is the median age in Owosso?
The median age in Owosso is 38.9 years (Michigan: 40.2).
How long is the commute in Owosso?
The average commute to work in Owosso is 23 minutes; 5.7% of workers work from home.
What is the unemployment rate in Owosso?
The unemployment rate in Owosso is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Owosso?
21.1% of adults in Owosso have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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