Housing costs in Otter Tail?
A typical home costs
$533,700, which is 57.9% more expensive than the national average of
$338,100 and 72.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Otter Tail costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 44.2% more than the state average of
$1,240.
Can I afford Otter Tail?
To live comfortably in Otter Tail, Minnesota, a minimum annual income of
$102,240 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Otter Tail?
The cost of living in Otter Tail, MN is quite reasonable. The median housing price is $173,800, which is below the state average, and the cost of groceries and utilities are also below the national average. There are many affordable restaurants and entertainment options available throughout the city as well. Additionally, there is no sales tax or income tax in Minnesota, making it a great place for people looking to save money. Overall, Otter Tail is an affordable place to live with plenty of amenities for families or those looking to retire.