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Cost of Living in Otsego County, MI

Population 25,584 · Census ACS 2020–2024 5-year estimates

Median rent$1,008
Median home value$219,700
Median household income$68,183

The median rent in Otsego County, MI is $1,008/month, 11% lower than the Michigan median and 29% lower than the U.S. median. The median home value is $219,700, 34% lower than the national median. Households earn a median of $68,183 a year, 6% lower than the state median.

Affordability

Rent as a share of median income: 17.7%
Income needed for median rent (30% rule): $40,320/yr
Home price-to-income ratio: 3.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,111/mo

Run your own numbers: mortgage calculator · hourly to salary

Otsego County vs. Michigan vs. U.S.

Otsego CountyMichiganU.S.
Median rent$1,008$1,129$1,413
Median home value$219,700$231,600$332,700
Median household income$68,183$72,875$80,734
Homeownership rate77.2%73.2%65.2%
Bachelor's degree or higher26.3%32.4%35.7%
Poverty rate8.0%13.2%12.5%
Unemployment rate4.0%5.7%5.2%
Work from home10.2%13.5%15.1%
Median age44.440.238.9

FAQ

What is the average rent in Otsego County, MI?

The median gross rent in Otsego County, MI is $1,008 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Otsego County, MI?

Using the common 30% rule, renting a median-priced home takes about $40,320 a year in gross income.

Is Otsego County, MI expensive to live in?

Rent there is 29% lower than the U.S. median, and the median home costs about 3.2 times the median household income.

Other counties in Michigan

Wayne County, MIRent $1,132 · Income $60,539Oakland County, MIRent $1,376 · Income $97,760Macomb County, MIRent $1,211 · Income $77,837Kent County, MIRent $1,243 · Income $82,631Genesee County, MIRent $989 · Income $62,281Washtenaw County, MIRent $1,463 · Income $89,180

Counties with a similar cost of living

Perquimans County, NCRent $1,008 · Income $67,917Androscoggin County, MERent $1,010 · Income $67,873Coffee County, ALRent $1,018 · Income $68,353Rusk County, TXRent $1,015 · Income $68,658Rutland County, VTRent $1,000 · Income $68,616Faulkner County, ARRent $1,005 · Income $67,289

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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