Cost of Living in Otsego County, New York
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Otsego County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Otsego County ranks #2,164 of 3,142 counties for affordability (bottom 31%)
Sourced county brief
Otsego County Official GRAPI Estimate Stands at 27.4%
The official Gross Rent as a Percentage of Household Income (GRAPI) in Otsego County is 27.4%. This figure is 2.4 percentage points below the New York state unweighted county mean GRAPI of 29.8%. The median gross rent in the county is $987 per month, while the state unweighted county mean rent is $1,168. For owner-occupied housing, the median value is $179,100, which is below the state unweighted county mean of $281,200. Median selected monthly owner costs are $1,010, compared to the state unweighted county mean of $1,352. Renter households in Otsego County have a median income of $46,448. These findings from the 2020-2024 ACS 5-Year Estimates serve as a snapshot of the housing economy within the county. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Otsego County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.4% of renter household income in Otsego County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $987 per month; median selected monthly owner costs are $1,010. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $39,480 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The New York unweighted mean of county median rents is $1,168 per month. Otsego County's $987 median is 15.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Otsego County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,607
per month
Owner Cost Burden
17.6%
of gross income
You can likely afford the median home in Otsego County
Median home value is $179,100. Estimated monthly cost: $1,430 vs. your max of $1,607.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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