Otter Tail County in Minnesota is a beautiful and vibrant area surrounded by lakes and rivers. It offers numerous opportunities for outdoor activities including fishing, camping, hiking, and swimming. The cost of living in Otter Tail County is relatively low compared to the rest of the United States, with 2 bedroom rent costing $860 per month versus the national average of $1,430. Additionally, the grocery cost index in Otter Tail County is 98 compared to the US average of 100.
This county is home to several companies including Minnesota Lakes Marine, a boat dealership; Otter Tail Power Company providing electrical services; Farmers Coop Society an agricultural supply store; and Mid-Minnesota Federal Credit Union supplying financial services. All of these businesses contribute to making Otter Tail County an ideal place to live and work.
Otter Tail County has an unemployment rate of 5.3%. The US average is 6.0%.
Otter Tail County has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Otter Tail County
- The Sales Tax Rate for Otter Tail County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Otter Tail County 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 Otter Tail County
- The average income of a Otter Tail County resident is $34,380 a year. The US average is $37,638 a year.
- The Median household income of a Otter Tail County resident is $63,587 a year. The US average is $69,021 a year.