Housing costs in Otsego?
A typical home costs
$207,000, which is 38.8% less expensive than the national average of
$338,100 and 5.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Otsego costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Otsego?
To live comfortably in Otsego, Michigan, a minimum annual income of
$39,600 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Otsego?
Otsego, MI is an affordable place to live. The cost of living is lower than the national average with housing costs being especially good. The median home value in Otsego is just over $130,000 which is far below the state's average of nearly $180,000. Renting a home or apartment can be even more affordable with median rent prices ranging from $650 to $825 per month depending on location and size. Transportation costs are also low due to Otsego’s close proximity to major cities like Grand Rapids and Kalamazoo, making public transportation a viable option for many residents. Groceries and other household expenses remain relatively low as well. All in all, Otsego offers a great quality of life at a price that won’t break the bank.