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.
Population
17429
Unemployment
2.1%
55% NAT AVG.
Poverty
0.8%
94% NAT AVG.
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%