The cost of living index in Otsego, MN, is generally lower than the nationwide average. The total cost of living in Otsego stands at 93, which is 7% below the national average of 100. This means residents in Otsego can expect to spend less on most essential expenses compared to the average American.
Specifically, housing costs in Otsego are 15% lower than the national average, while groceries, utilities, and transportation hover around the same level. Healthcare costs remain comparable, but miscellaneous expenses are slightly lower, offering some relief. These figures make Otsego a potentially attractive option for those looking to reduce living costs.
Otsego, MN, offers a favorable cost of living compared to the nationwide average, which is set at 100. The housing index in Otsego is notably lower at 85, meaning residents can expect to spend 15% less on housing compared to the national average. This reduction in housing costs can provide significant savings and allow residents to allocate funds to other areas.
When considering other aspects of the cost of living, Otsego continues to present positive figures. Groceries are priced at 95, indicating a modest 5% increase over the national average. Utilities, essential for daily living, are available at 90, which is 10% lower than the nationwide standard. Transportation costs align closely with the average at 95, showing minimal difference. Healthcare costs remain on par with the national average at 100, providing no extra financial burden. Miscellaneous expenses in Otsego are set at 92, reflecting a minor 8% decrease compared to the national average. Overall, Otsego, MN, presents an attractive cost of living for potential residents.
