Living in Otsego, Minnesota
Cost of living, income, home prices, rent and demographics of Otsego · Census data 2020–2024
Otsego has 22,245 residents with a median age of 34.9. The median household income is $119,927 (35% higher than the Minnesota median), the median home value is $396,700, the median rent is $1,765/month.
Otsego at a glance
- Population
- 22,245
- Median age
- 34.9State: 38.8
- Median household income
- $119,927State: $89,062
- Median home value
- $396,700State: $329,300
- Median rent
- $1,765/moState: $1,280
- Homeowners
- 92.7%
- Bachelor's degree or higher
- 40%
- Average commute
- 30 min
Is Otsego a good place to live?
Pros: Median household income 35% higher than the Minnesota median; unemployment of 1.7%; a poverty rate of 3.5%.
Cons: Home values 20% higher than the state median; an average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Otsego
Housing is the biggest part of the cost of living. In Otsego the median home value is $396,700, 19% higher than the U.S. median. Renters pay a median of $1,765 per month, which is 31.8% of household income. Homeowners with a mortgage pay $2,287 a month in housing costs.
Otsego median household income
The median household income in Otsego is $119,927 and the income per person is $48,748. 3.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Otsego: homes for sale and rent
- Housing units
- 7,757
- Owner-occupied
- 92.7%
- Renter-occupied
- 7.3%
- Vacant
- 3.1%Includes seasonal homes
- Median year built
- 2008
- Average household size
- 2.96
Otsego demographics
- Population
- 22,245
- Median age
- 34.9
- Under 18
- 29.9%
- 65 and older
- 10.1%
- Households
- 7,518
- Foreign-born
- 9.9%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Otsego ›
Education in Otsego
40% of adults 25 and older in Otsego have a bachelor's degree or higher (Minnesota: 39.4%), and 7.9% have a graduate or professional degree.
Jobs and commute in Otsego
- Unemployment rate
- 1.7%State: 4.1%
- Average commute
- 30 minState: 23 min
- Work from home
- 15.2%
- Drive alone
- 72.2%
- Public transit
- 0.2%
- Walk to work
- 0.2%
- Homes with broadband
- 95.2%
Otsego vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Otsego | 22,245 | $119,927 | $396,700 | $1,765 |
| Albertville | 8,207 | $132,734 | $343,700 | $1,348 |
| St. Michael | 20,010 | $131,274 | $390,100 | $1,483 |
| Rogers | 13,685 | $158,750 | $459,700 | $1,789 |
| Elk River | 26,793 | $108,741 | $370,100 | $1,283 |
| Hanover | 3,626 | $156,536 | $447,900 | $1,853 |
| Big Lake | 12,367 | $120,549 | $330,200 | $1,340 |
| Monticello | 14,858 | $79,534 | $323,700 | $1,405 |
| Ramsey | 28,421 | $116,415 | $359,600 | $1,826 |
More for people moving to Otsego
Otsego ZIP code ›Weather and climate ›Living in Otsego: FAQ
What is the median household income in Otsego, MN?
The median household income in Otsego is $119,927, 35% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Otsego?
The median home value in Otsego is $396,700, compared with $329,300 in Minnesota.
How much is rent in Otsego?
The median gross rent in Otsego is $1,765 per month, about 31.8% of household income.
Is Otsego, MN a good place to live?
Pluses: median household income 35% higher than the Minnesota median; unemployment of 1.7%; a poverty rate of 3.5%. Minuses: home values 20% higher than the state median; an average commute of 30 minutes.
What is the median age in Otsego?
The median age in Otsego is 34.9 years (Minnesota: 38.8).
How long is the commute in Otsego?
The average commute to work in Otsego is 30 minutes; 15.2% of workers work from home.
What is the unemployment rate in Otsego?
The unemployment rate in Otsego is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Otsego?
40% of adults in Otsego have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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