Otselic, NY is a quaint rural town located in upstate New York. It has a small population and is full of rural charm. The cost of living in Otselic is substantially lower than the US average, with 2 bedroom rent being $870 compared to the US average of $1,430. Grocery costs are also much lower than average, with an index score of 96 versus 100 in the US. Local employers include businesses such as the Dairy Farm Supply Co., Otselic Country Store, and Bob’s Auto Repair shop. They provide jobs for many of the local residents while also providing quality goods and services to customers from far and wide.
Otselic has an unemployment rate of 6.3%. The US average is 6.0%.
Otselic has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Otselic
- The Sales Tax Rate for Otselic is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Otselic is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Otselic
- The average income of a Otselic resident is $22,125 a year. The US average is $28,555 a year.
- The Median household income of a Otselic resident is $58,864 a year. The US average is $69,021 a year.