Housing costs in Otsego?
A typical home costs
$383,700, which is 13.5% more expensive than the national average of
$338,100 and 24.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Otsego costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 10.8% more than the state average of
$1,240.
Can I afford Otsego?
To live comfortably in Otsego, Minnesota, a minimum annual income of
$73,440 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Otsego?
The cost of living in Otsego, MN is quite reasonable. The overall cost of living index there is around 90, which is significantly lower than the national average of 100. Housing costs in particular are quite low; the median home price in Otsego is around $225,000, and the median rent price is about $1,200 per month. Groceries and transportation costs are also relatively inexpensive. All in all, Otsego offers a very reasonable cost of living with many amenities available to residents.