Is Otsego, Minnesota a Good Place To Live? - Living In Otsego, MN
Is Otsego, Minnesota a good place to live?
Otsego is a city in Minnesota state in USA with a population of 17429 residents..
The poverty rate of Otsego is 0.8%, which is 94% lower than national average.
The typical household in Otsego earns $110833 a year, compared to the national median of $67,500.
Nearly 12.1% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Otsego, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Otsego remained 2.1%, which is 55% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Otsego, only 39% of adults have a bachelor's degree and 36% have some college but no degree.
Cost of living in Otsego is 107, which is 7% higher than national average. Median home value in Otsego is $282500 , which is 23% higher than national average. While median income in Otsego remained $110833, which is 64% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Otsego, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Otsego remained 2.1%, which is 55% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Otsego, only 39% of adults have a bachelor's degree and 36% have some college but no degree.
Cost of living in Otsego is 107, which is 7% higher than national average. Median home value in Otsego is $282500 , which is 23% higher than national average. While median income in Otsego remained $110833, which is 64% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
17429
Unemployment
2.1%
Poverty
0.8%
Overall Score
6
Median Home Cost
$282500
23%
NAT AVG.
Median Income
$110833
64%
NAT AVG.
Median Rent
$1386
19%
NAT AVG.
Cost Of Living
107
7%
NAT AVG.
People Living BPL
1 in 125
Unemployed People
1 in 48
People Earning < $10,000
1 in 250
People Earning < $50,000
12.1%
People with <= High School
1 in 4
People With Any Degree
1 in 1.8
Pros & Cons Overview
Jobs90%
Housing85%
Affordability85%
Safety70%
Amenities70%
Diversity50%
Education85%
Commute40%
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