Otisco, MI is a small town located in the Midwest. It's known for being affordable, with 2 bedroom rent prices around $960 and a Grocery Cost Index of 93 versus 100 in the US. Despite its size, there is still plenty to see and do in Otisco. Local businesses include Where the Wild Things Grow Garden Center, Murner's Small Engine Repair & Sales, and Char-Em Orthodontics — all of which serve the community. There are also several attractions such as Lakeside Beach Park, Springbrook Farm Golf Course, Silver Lake Market & Café and The Livery Microbrewery. Visitors can enjoy beautiful scenery, delicious food, outdoor activities and entertainment year-round.
Otisco has an unemployment rate of 4.7%. The US average is 6.0%.
Otisco has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Otisco
- The Sales Tax Rate for Otisco is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Otisco is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Otisco
- The average income of a Otisco resident is $31,336 a year. The US average is $37,638 a year.
- The Median household income of a Otisco resident is $61,944 a year. The US average is $69,021 a year.