salaryRent is higher than in 67% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are long, about 30.1 minutes each way. Most homes (92.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $78,080 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 116 of 150 cities from cheapest to most expensive.
How much do households earn in Otsego?
Share of households by yearly income. 49.4% of households earn $100,000 or more.
Rent by apartment size in Otsego
| Size | Otsego | U.S. average |
|---|---|---|
| 1 bedroom | $1,939 | $1,324 |
| 2 bedrooms | $1,389 | $1,509 |
| 3 bedrooms | $1,900 | $1,698 |
| 4 bedrooms | $2,690 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Otsego overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Otsego, so the Minnesota figure is shown.
Taxes and bills in Otsego
Life in Otsego
Is it cheaper to rent or buy in Otsego?
Renting is cheaper right now: about $801 a month less.
Owning assumes a typical $396,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,670 for the down payment.
Frequently asked questions
What is the average rent in Otsego, MN?
Renting in Otsego costs a median of about $1,952 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Otsego?
To keep rent under 30% of income, you need about $78,080 a year, or $38 an hour at a full-time job.
Is Otsego cheap or expensive?
Otsego is rated Cheap: rent takes 18.1% of the typical household income of $129,341. It ranks 116th cheapest of 150 Minnesota cities we track.
How much are property taxes in Otsego?
The median homeowner in Otsego pays $3,847 a year in property taxes, about 0.97% of the median home value.
Is Otsego more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Otsego?
The median home value in Otsego is $396,700, about 3.1 times the typical yearly household income.
22,245 people live in Otsego. Numbers are typical (middle) values.