Otego, NY
Population 965 · New York
About Otego, NY
Otego is a small community located in New York with a population of 965 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,908 per year, which is 2% above the national median of $75,149. The median age of 44.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Otego features a median home value of $173,800, which is 29% below the national median of $244,900. This positions Otego in a moderately priced market relative to the rest of the country. Median monthly rent is $929, 20% below the national average of $1,163/month. Of the 461 total housing units, 64% are owner-occupied (270 units) and 36% are renter-occupied (151 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Otego shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Otego have an average one-way commute time of 19.8 minutes, one of the shorter commutes in the region.
Education & Demographics
37.5% of Otego 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 0.0% White, 0.9% Hispanic or Latino, 0.8% Black or African American, and 0.9% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Otego, NY
Compared to national averages, Otego has a median household income of $76,908 (2% above the national median of $75,149). Home values average $173,800, which is 29% below the national median. Monthly rent at $929 is 20% below the US average of $1,163. Within New York, Otego's income is 21% below the state average of $96,987, and home values are 55% below the state median of $387,181.
Why Live in Otego, NY?
Otego offers a strong local economy with a median household income of $76,908, well above the national average, and affordable housing with a median home value of $173,800, below the US average of $244,900, and rent that’s lower than the national average at $929/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 37.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.9%, better than the national average, and short commute times averaging just 19.8 minutes.
Otego has a population of 965 with a median age of 44.9 years. Compare Otego with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Otego
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Andover | 968 | $69,375 | $74,300 | Compare |
| Naples | 971 | $52,750 | $138,500 | Compare |
| Zena | 972 | $109,479 | $427,400 | Compare |
| Fair Haven | 956 | $60,694 | $184,100 | Compare |
| Round Lake | 956 | $95,263 | $314,200 | Compare |
| Woodridge | 954 | $58,281 | $209,300 | Compare |
| Arkport | 953 | $69,911 | $115,300 | Compare |
| North Haven | 953 | $181,250 | $1,773,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Otego
What is the population of Otego, NY?
The population of Otego, NY is 965 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Otego?
The median household income in Otego, NY is $76,908 per year, which is 2% above the national median of $75,149.
What is the median home value in Otego?
The median home value in Otego, NY is $173,800, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Otego?
The median monthly rent in Otego, NY is $929, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Otego?
The unemployment rate in Otego, NY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Otego, NY a good place to live?
Otego offers above-average incomes, affordable housing, and a strong job market. With a population of 965 and a median age of 44.9, the city appeals to a broad range of residents.
How educated is Otego, NY?
37.5% of residents in Otego 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 Otego?
Key cost-of-living indicators for Otego, NY: median home value is $173,800 (29% below national), median rent is $929/month, and median household income is $76,908. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Otego?
The poverty rate in Otego, NY is 3.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Otego, NY?
Otego's population is 0.0% White, 0.9% Hispanic or Latino, 0.8% Black or African American, 0.9% Asian, and 1.5% two or more races. 0.9% of residents are foreign-born.