Housing costs in Ottertail?
A typical home costs
$320,700, which is 5.1% less expensive than the national average of
$338,100 and 3.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ottertail costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 40.9% cheaper than the state average of
$1,240.
Can I afford Ottertail?
To live comfortably in Ottertail, Minnesota, a minimum annual income of
$61,560 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Ottertail?
The cost of living in Ottertail, MN is quite affordable. According to BestPlaces, the cost of living index in Ottertail is 82.30, which is lower than the US average of 100. This means that residents can typically enjoy goods and services at a cheaper rate than most other cities in the US. Additionally, the median household income for Ottertail is slightly above the national median at $54,104 compared to $51,939 nationally, so families have more expendable income to cover their cost of living expenses. All in all, people who move to Ottertail can expect relatively affordable costs associated with day-to-day life and a solid financial foundation on which to build their future.