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Zip 49078 (Otsego, MI) Economy


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United States / / / Otsego (zip 49078)
Otsego, MI (zip code 49078) is located in Allegan County and offers an affordable cost of living. The average rent for a two-bedroom apartment is $1,070 per month, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index for Otsego is 94 compared to 100 in the US. The city boasts numerous local businesses including an IGA grocery store, Dollar General, The Livery Brewery & Pub, and the Kalamazoo Valley Museum. Furthermore, residents can take advantage of nearby attractions such as Otsego City Park and the historic Otsego Downtown district.

Otsego (zip 49078) has an unemployment rate of 5.1%. The US average is 6.0%.

Otsego (zip 49078) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.

Tax Rates for Otsego (zip 49078)
- The Sales Tax Rate for Otsego (zip 49078) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Otsego (zip 49078) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Otsego (zip 49078)
- The average income of a Otsego (zip 49078) resident is $28,990 a year. The US average is $37,638 a year.
- The Median household income of a Otsego (zip 49078) resident is $62,814 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOtsego, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Otsego
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Over 10 years ago

We have cold winters but great summers and we have been here about 7 years and I have great neighbors. Decent churches. Water is rusty but that is Michigan for you.  More

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