Otsego, MN
Population 21,358 · Minnesota
About Otsego, MN
Otsego is a mid-sized city located in Minnesota with a population of 21,358 residents according to the latest US Census Bureau American Community Survey data. The median household income is $127,219 per year, which is 69% above the national median of $75,149. The median age of 34.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Otsego features a median home value of $367,200, which is 50% above the national median of $244,900. This positions Otsego in a moderately priced market relative to the rest of the country. Median monthly rent is $1,696, 46% above the national average of $1,163/month. Of the 7,240 total housing units, 91% are owner-occupied (6,453 units) and 9% are renter-occupied (621 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Otsego shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Otsego have an average one-way commute time of 32.1 minutes.
Education & Demographics
41.8% of Otsego residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.8% White, 1.2% Hispanic or Latino, 0.4% Black or African American, and 1.3% Asian residents, with 7.1% of the population being foreign-born.
Cost of Living in Otsego, MN
Compared to national averages, Otsego has a median household income of $127,219 (69% above the national median of $75,149). Home values average $367,200, which is 50% above the national median. Monthly rent at $1,696 is 46% above the US average of $1,163. Within Minnesota, Otsego's income is 71% above the state average of $74,221, and home values are 80% above the state median of $204,472.
Why Live in Otsego, MN?
Otsego offers a strong local economy with a median household income of $127,219, well above the national average, and a strong job market with an unemployment rate of just 1.5%, and a well-educated community where 41.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.8%, better than the national average.
Otsego has a population of 21,358 with a median age of 34.4 years. Compare Otsego with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Otsego
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Hope | 21,402 | $73,698 | $314,600 | Compare |
| Willmar | 21,136 | $63,368 | $186,000 | Compare |
| West St. Paul | 21,076 | $70,738 | $281,800 | Compare |
| Lino Lakes | 21,847 | $121,800 | $385,000 | Compare |
| Golden Valley | 21,927 | $114,435 | $423,500 | Compare |
| Columbia Heights | 22,016 | $74,688 | $259,900 | Compare |
| Forest Lake | 20,678 | $89,879 | $375,900 | Compare |
| Northfield | 20,678 | $92,000 | $305,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Otsego With Other Cities
Frequently Asked Questions about Otsego
What is the population of Otsego, MN?
The population of Otsego, MN is 21,358 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Otsego?
The median household income in Otsego, MN is $127,219 per year, which is 69% above the national median of $75,149.
What is the median home value in Otsego?
The median home value in Otsego, MN is $367,200, which is 50% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Otsego?
The median monthly rent in Otsego, MN is $1,696, which is 46% above the national average of $1,163/month.
What is the unemployment rate in Otsego?
The unemployment rate in Otsego, MN is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Otsego, MN a good place to live?
Otsego offers above-average incomes, a competitive housing market, and a strong job market. With a population of 21,358 and a median age of 34.4, the city appeals to young professionals and families.
How educated is Otsego, MN?
41.8% of residents in Otsego aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Otsego?
Key cost-of-living indicators for Otsego, MN: median home value is $367,200 (50% above national), median rent is $1,696/month, and median household income is $127,219. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Otsego?
The poverty rate in Otsego, MN is 0.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Otsego, MN?
Otsego's population is 1.8% White, 1.2% Hispanic or Latino, 0.4% Black or African American, 1.3% Asian, and 6.7% two or more races. 7.1% of residents are foreign-born.