Otsego, MN, has a cost of living index that is slightly below the nationwide average. The overall index stands at 95, which is 5% lower than the national average of 100. This means that, on average, residents in Otsego can expect to pay less for most goods and services compared to the rest of the country.
Specifically, housing costs in Otsego are 5% below the national average, while groceries and utilities are just 3% and 10% below, respectively. Transportation costs are slightly higher at 2% above the national average, but healthcare costs match the national average. This balanced cost of living makes Otsego an attractive option for those seeking affordability without sacrificing quality of life.
The cost of living in Otsego, MN, is slightly lower than the nationwide average. The housing index stands at 95, which means housing costs are 5% less than the national average. This can be a significant advantage for those looking to buy or rent a home. Groceries in Otsego are also slightly below average, with an index of 97, indicating a 3% savings on food expenses.
Utilities in Otsego are 10% cheaper than the national average, with an index of 90. This reduction can help lower monthly expenses for residents. Transportation costs are slightly higher, with an index of 98, meaning they are 2% above the national average. Healthcare costs in Otsego match the national average at 100, offering no change in expenses for medical services. Miscellaneous costs are 8% lower, with an index of 92, providing additional savings for everyday items. Overall, Otsego offers a cost of living that is competitive with the national average, with some areas offering notable savings.
