Otsego County is located in the state of New York and is home to many local businesses. It is an affordable area with two bedroom rent prices averaging $990 compared to the US average of $1,430. Grocery costs are also lower in Otsego than the US average with a grocery cost index of 99 compared to 100 in the US. There are a variety of businesses operating locally such as Cooperstown Distillery, The Glimmerglass Festival, and Hyde Hall Restoration that make Otsego a great place to live and work.
Otsego County has an unemployment rate of 6.3%. The US average is 6.0%.
Otsego County has seen the job market decrease by -7.5% 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 Otsego County
- The Sales Tax Rate for Otsego County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Otsego County 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 Otsego County
- The average income of a Otsego County resident is $32,226 a year. The US average is $37,638 a year.
- The Median household income of a Otsego County resident is $60,523 a year. The US average is $69,021 a year.