Otto, NY is a small town located in upstate New York. It has a population of around 1,000 people and the cost of living is quite affordable with two bedroom rents averaging $800 compared to the national average of $1,430. The grocery cost index for Otto, NY is 96 which is lower than the national index of 100. Residents can enjoy various local businesses like Otto Paint & Supply Store, Otto Pharmacy and Otto's Pizza 'n' More. Other businesses in the area include Otto Auto Repair, World Tire & Automotive and Fiesta Time Fashions. With its low cost of living and unique businesses, Otto makes an ideal place to call home.
Otto has an unemployment rate of 7.2%. The US average is 6.0%.
Otto has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.
Tax Rates for Otto
- The Sales Tax Rate for Otto is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Otto 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 Otto
- The average income of a Otto resident is $32,665 a year. The US average is $37,638 a year.
- The Median household income of a Otto resident is $55,750 a year. The US average is $69,021 a year.