Living in Otego, New York
Cost of living, income, home prices, rent and demographics of Otego · Census data 2020–2024
Otego has 936 residents with a median age of 44. The median household income is $78,804 (8% lower than the New York median), the median home value is $186,100, the median rent is $956/month.
Otego is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Otego at a glance
- Population
- 936
- Median age
- 44State: 39.8
- Median household income
- $78,804State: $85,974
- Median home value
- $186,100State: $423,800
- Median rent
- $956/moState: $1,621
- Homeowners
- 70.2%
- Bachelor's degree or higher
- 33.7%
- Average commute
- 20 min
Is Otego a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 20 minutes; a poverty rate of 6.8%.
Cons: Median household income 8% lower than the New York median.
The weather is best in June to September.
Cost of living in Otego
Housing is the biggest part of the cost of living. In Otego the median home value is $186,100, 44% lower than the U.S. median. Renters pay a median of $956 per month, which is 25.3% of household income. Homeowners with a mortgage pay $1,520 a month in housing costs.
Otego median household income
The median household income in Otego is $78,804 and the income per person is $40,938. 6.8% of residents live below the poverty line (New York: 14%).
Housing in Otego: homes for sale and rent
- Housing units
- 441
- Owner-occupied
- 70.2%
- Renter-occupied
- 29.8%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.31
Otego demographics
- Population
- 936
- Median age
- 44
- Under 18
- 13.1%
- 65 and older
- 28.8%
- Households
- 392
- Foreign-born
- 0.6%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Otego ›
Education in Otego
33.7% of adults 25 and older in Otego have a bachelor's degree or higher (New York: 40.2%), and 18.6% have a graduate or professional degree.
Jobs and commute in Otego
- Unemployment rate
- 0%State: 6.4%
- Average commute
- 20 minState: 33 min
- Work from home
- 7%
- Drive alone
- 78.4%
- Public transit
- 0%
- Walk to work
- 8.5%
- Homes with broadband
- 93.4%
Otego vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Otego | 936 | $78,804 | $186,100 | $956 |
| Wells Bridge | 160 | $71,667 | $234,400 | — |
| Franklin | 424 | $81,912 | $202,300 | $763 |
| Oneonta | 15,045 | $61,111 | $184,100 | $1,021 |
| West End | 1,891 | $71,563 | $151,100 | $1,157 |
| Unadilla | 1,419 | $65,972 | $110,800 | $924 |
| Gilbertsville | 321 | $81,500 | $165,000 | $1,141 |
| Laurens | 160 | $74,583 | $139,700 | $1,000 |
| Morris | 626 | $98,500 | $172,500 | — |
More for people moving to Otego
Otego ZIP code ›Weather and climate ›Living in Otego: FAQ
What is the median household income in Otego, NY?
The median household income in Otego is $78,804, 8% lower than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Otego?
The median home value in Otego is $186,100, compared with $423,800 in New York.
How much is rent in Otego?
The median gross rent in Otego is $956 per month, about 25.3% of household income.
Is Otego, NY a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 20 minutes; a poverty rate of 6.8%. Minuses: median household income 8% lower than the New York median.
What is the median age in Otego?
The median age in Otego is 44 years (New York: 39.8).
How long is the commute in Otego?
The average commute to work in Otego is 20 minutes; 7% of workers work from home.
What is the unemployment rate in Otego?
The unemployment rate in Otego is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Otego?
33.7% of adults in Otego 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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