Housing costs in Otsego?
A typical home costs
$206,200, which is 39.0% less expensive than the national average of
$338,100 and 5.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Otsego costs
$1,070 per month, which is 2.7% cheaper than the national average of
$1,100 and 9.3% more than the state average of
$970.
Can I afford Otsego?
To live comfortably in Otsego (zip 49078), Michigan, a minimum annual income of
$39,600 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Otsego?
The cost of living in Otsego, MI is relatively low. The median home value in 49078 is estimated to be $168,164, which is lower than the national average of $231,200. Additionally, the median household income in 49078 is estimated to be $54,817鈥攕lightly below the national average at $61,937. According to Sperling's 黑料社区 and BestPlaces's 黑料社区 Index for Otsego, MI, groceries are 4.6% lower and healthcare 6.7% lower than the United States' respective averages. Furthermore, housing costs for this area are approximately 59% less than the national average. Overall, a family could expect to pay significantly less when it comes to day-to-day expenses in Otsego compared to other areas of Michigan and the nation as a whole.