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2024 Compare Cities Economy:
Wayzata, MN vs Otsego, MN

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Highlights
- Household income in Otsego, is 21% more than it is in Wayzata and is 40% above the National Average.
- Wayzata unemployment rate is 4.2%.
- Otsego unemployment rate is 4.5%.

Economy
 Wayzata, MNOtsego, MNUnited States
 Unemployment Rate4.2%4.5%6.0%
 Recent Job Growth1.8%1.8%1.6%
 Future Job Growth36.9%36.1%33.5%
 Sales Taxes7.5%7.4%6.2%
 Income Taxes7.1%7.1%4.6%
 Income per Cap.$101,726$40,138$37,638
 Household Income$94,097$114,087$69,021
 Family Median Income$184,500$124,058$85,028
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 Est. Households By Income
 Wayzata, MNOtsego, MNUnited States
 Income Less Than 15K4.5%1.2%9.4%
 Income between 15K and 20K2.4%0.0%3.8%
 Income between 20K and 30K6.5%0.9%8.1%
 Income between 30K and 40K4.8%6.0%8.0%
 Income between 40K and 50K5.0%2.6%7.6%
 Income between 50K and 60K8.9%3.0%7.2%
 Income between 60K and 75K5.5%10.6%9.6%
 Income between 75K and 100K14.5%17.9%12.8%
 Income between 100K and 150K13.1%28.9%16.3%
 Income between 150K and 200K6.1%20.7%7.8%
 Income greater than 200K28.6%8.2%9.5%
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 Population By Occupation
 Wayzata, MNOtsego, MNUnited States
 Management, business, finance32.0%23.3%16.4%
 Engineering, computers, science8.7%8.5%6.5%
 Community, social services2.6%1.5%1.8%
 Legal0.5%0.1%1.2%
 Education, library7.9%4.0%6.2%
 Arts, design, media, sports, entertainment1.3%0.4%2.0%
 Healthcare practitioners and technology9.6%7.0%6.2%
 Healthcare support2.0%2.2%3.3%
 Firefighters, law enforcement0.0%0.7%2.1%
 Food preparation, serving5.0%4.0%5.4%
 Building maintenance0.7%3.5%3.6%
 Personal care1.9%1.5%2.6%
 Sales, office, administrative support18.8%20.4%20.9%
 Farming, fishing, forestry0.6%0.4%0.6%
 Construction, extraction, maintenance/repair3.3%12.5%8.1%
 Production, transportation, material moving5.0%10.0%13.1%

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Reviews for Otsego    2 Reviews

Over 10 years ago

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

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Over 18 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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