Cost of Living in Otsego, MN
Population 21,358 · Minnesota · Data vintage 2023
(100 = US avg)
Otsego is a smaller Minnesota community of around 21000 residents, where median household incomes of $127,219 and housing costs ($367,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.5% points to a labor market well on the tight side of the national distribution.
Located 25 miles northwest of Minneapolis, Otsego falls within that metro's commuting orbit. Housing prices track closely with Minneapolis' $346,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Otsego
The median home value in Otsego is $367,200 — 20% above the national median of $305,000. Median rent runs $1,696/month, 29% higher than the national median of $1,314/month. The median household income of $127,219/year is 71% higher than the US median of $74,580. The local unemployment rate is 1.5%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Otsego has a cost of living index of 124 versus the US average of 100, meaning it is 24% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Otsego, MN?
Otsego has a cost index of 124 (100 = national average). It is 24% above the national average.
What is average rent in Otsego, MN?
The median gross rent in Otsego is $1,696 per month based on 2023 Census data.
What is the average home price in Otsego?
The median home value in Otsego is $367,200 according to Zillow and Census data.
What is the median income in Otsego?
The median household income in Otsego is $127,219 per year (2023 ACS 5-year estimates).
What is the sales tax in Otsego, MN?
The combined state and local sales tax rate in Otsego is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Otsego, MN affordable?
Otsego is above average in cost of living, with an index of 124 — about 24% higher than the national average.
Otsego at a Glance
- Population
- 21,358
- Median Income
- $127,219
- Home Value
- $367,200
- Median Rent
- $1,696/mo
- Unemployment
- 1.5%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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