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Owosso, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
14,632
Population
$54,229
Median Income
$132,600
Home Value
38.9
Median Age

Demographics

Owosso has a population of 14,632 with a median age of 38.9. Here is the racial and ethnic breakdown of the population:

White
94.8%
Hispanic
3.7%
Other
1.0%
Demographic Value
Total Population14,632
Median Age38.9
White94.8%
Black or African American0.2%
Asian0.3%
Hispanic or Latino3.7%
Other / Two or More Races1.0%
Owosso, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 94.8%Hispanic/Latino: 3.7%Other: 1.5%14,632PopulationWhiteWhite94.8%Hispanic/LatinoHispanic/Latino3.7%OtherOther1.5%

Income & Economy

The median household income in Owosso is $54,229, which is 32.7% below the national median of $80,610. The per capita income is $34,428. The poverty rate is 17.2%.

$54,229
Median Household Income
$34,428
Per Capita Income
17.2%
Poverty Rate

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Education

In Owosso, 91.5% of residents age 25+ have a high school diploma or higher, and 21.1% hold a bachelor's degree or higher (4.8% with a graduate or professional degree).

HS Diploma+
91.5%
Bachelor's+
21.1%
Graduate+
4.8%
Education Level % of Adults (25+)
High School Diploma or Higher91.5%
Bachelor's Degree or Higher21.1%
Graduate or Professional Degree4.8%

Housing

The median home value in Owosso is $132,600, below the national median of $303,400. The median monthly rent is $784. The homeownership rate is 68.3%.

$132,600
Median Home Value
$784/mo
Median Rent
68.3%
Homeownership Rate
Housing Metric Value
Median Home Value$132,600
Median Monthly Rent$784
Homeownership Rate68.3%
Vacancy Rate9.2%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Owosso, Michigan?
The population of Owosso, Michigan is 14,632 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Owosso, Michigan?
The median household income in Owosso, Michigan is $54,229. This is 32.7% below the national median of $80,610.
What is the median home value in Owosso, Michigan?
The median home value in Owosso, Michigan is $132,600. The median monthly rent is $784.
What percentage of people in Owosso have a college degree?
In Owosso, Michigan, 21.1% of adults age 25 and older hold a bachelor's degree or higher, and 91.5% have a high school diploma or higher.
Is Owosso, Michigan an affordable place to live?
The home price-to-income ratio in Owosso, Michigan is 2.4x (median home value $132,600 vs. median income $54,229), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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