Otego, NY is a small town located in Otsego County with a comfortable living environment. It offers affordable housing options with two bedroom rent at $980 compared to the national rate of $1,430. Additionally, it has low cost of living as evidenced by its Grocery Cost Index being equal to that of the US. The town is home to several local companies such as Olvena Landing Marina & Campground, Matthew Clayton Custom Cabinetry and Carpentry, and Maple Brook Farm. All these businesses offer unique services and products that contribute to the overall quality of life in Otego, NY.
Otego has an unemployment rate of 6.3%. The US average is 6.0%.
Otego has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Otego
- The Sales Tax Rate for Otego is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Otego 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 Otego
- The average income of a Otego resident is $25,073 a year. The US average is $28,555 a year.
- The Median household income of a Otego resident is $54,932 a year. The US average is $69,021 a year.