Otisco, MN is a small town located in the southeastern corner of the state. It has a population of around 500 people and offers many local businesses that are worth checking out. Some popular places to visit while in Otisco include Riverside Park, which features a playground and walking paths along the river; K&S Deli, which serves up tasty sandwiches; and The Barn Outlet Store offering antiques, gifts, and more. For those looking for an affordable place to live, 2-bedroom rental costs in Otisco are currently at $750 per month – significantly lower than the average US rate of $1,430. The cost of groceries is also lower than average in Otisco with an index score of 95 versus 100 in the US. All said and done Otisco is a great place to live or just visit for a day trip!
Otisco has an unemployment rate of 6.0%. The US average is 6.0%.
Otisco has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Otisco
- The Sales Tax Rate for Otisco is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Otisco is 7.1%. 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 $31,930 a year. The US average is $28,555 a year.
- The Median household income of a Otisco resident is $75,938 a year. The US average is $69,021 a year.