2025 Compare Cities Economy:
Otsego, MN vs New Castle, CO

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Highlights
- Household income in New Castle, is 30% less than it is in Otsego and is 14% above the National Average.
- Otsego unemployment rate is 4.5%.
- New Castle unemployment rate is 6.0%.
 Otsego, MNNew Castle, COUnited States
 Unemployment Rate  Unlock6.0%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth36.1%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock4.6%4.6%
 Income per Cap.$40,138  Unlock$37,638
 Household Income  Unlock$79,849$69,021
 Family Median Income$124,058  Unlock$85,028
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 Est. Households By Income
 Otsego, MNNew Castle, COUnited States
 Income Less Than 15K  Unlock0.9%9.4%
 Income between 15K and 20K0.0%  Unlock3.8%
 Income between 20K and 30K  Unlock1.9%8.1%
 Income between 30K and 40K6.0%  Unlock8.0%
 Income between 40K and 50K  Unlock6.1%7.6%
 Income between 50K and 60K3.0%  Unlock7.2%
 Income between 60K and 75K  Unlock16.1%9.6%
 Income between 75K and 100K17.9%  Unlock12.8%
 Income between 100K and 150K  Unlock21.8%16.3%
 Income between 150K and 200K20.7%  Unlock7.8%
 Income greater than 200K  Unlock11.1%9.5%
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 Population By Occupation
 Otsego, MNNew Castle, COUnited States
 Management, business, finance23.3%  Unlock16.4%
 Engineering, computers, science  Unlock5.9%6.5%
 Community, social services1.5%  Unlock1.8%
 Legal  Unlock1.9%1.2%
 Education, library4.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock0.4%2.0%
 Healthcare practitioners and technology7.0%  Unlock6.2%
 Healthcare support  Unlock0.3%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock1.8%5.4%
 Building maintenance3.5%  Unlock3.6%
 Personal care  Unlock12.2%2.6%
 Sales, office, administrative support20.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock2.5%0.6%
 Construction, extraction, maintenance/repair12.5%  Unlock8.1%
 Production, transportation, material moving  Unlock10.6%13.1%
Reviews for Otsego    2 Reviews

Over 11 years ago

weather is terrible here. it's either too cold or too  More

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Over 19 years ago

Great ex-urban twin cities community wth very low taxes due to the fact we're a rural community. Average lot size is 2  More

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Reviews for New Castle    3 Reviews

Over 11 years ago

Small town  More

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Over 12 years ago

Been here about 1 1/2 years. Climate is great, lots of snow in winter, mild summers but still hits triple digits though:/ Work is hard to come by unless you are in the  More

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New Castle is a small town outside of Glenwood Springs. We have beautiful weather, gorgeous mountains but it is very expensive to live here... I think the cost of  More

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