Otsego, MI County is a great area to live. The cost of living is lower than the national average with rent for a two-bedroom apartment being $920 compared to $1,430 nationally and the grocery cost index being 91 versus 100 nationally. This makes it ideal for individuals and families looking to save money while still enjoying all that the county has to offer. Some local companies based in Otsego, MI County include Meijer, Kmart, Walmart, Great Lakes Hops LLC, and Hudsonville Creamery & Ice Cream Company. These businesses provide jobs for locals as well as goods and services that people in the county need day-to-day.
Otsego County has an unemployment rate of 6.9%. The US average is 6.0%.
Otsego County has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Otsego County
- The Sales Tax Rate for Otsego County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Otsego County 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 Otsego County
- The average income of a Otsego County resident is $30,859 a year. The US average is $37,638 a year.
- The Median household income of a Otsego County resident is $59,330 a year. The US average is $69,021 a year.