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The City of Otsego had a population of 22,676 as of July 1, 2023.
The primary coordinate point for Otsego is located at latitude 45.2741 and longitude -93.5913 in Wright County. The formal boundaries for the City of Otsego encompass a land area of 29.56 sq. miles and a water area of 0.93 sq. miles. Wright County is in the Central time zone (GMT -6).
The City of Otsego has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 22,676 (100%) |
Population in Households | 22,656 (99.9%) |
Population in Families | 19,506 (86.0%) |
Population in Group Quarters1 | 20 ( 0.1%) |
Population Density | 766 |
Diversity Index2 | 29 |
INCOME | |
Median Household Income | $116,118 |
Average Household Income | $132,973 |
% of Income for Mortgage4 | 18% |
Per Capita Income | $45,272 |
Wealth Index5 | 110 |
Socioeconomic Status Index6 | High (67.4) |
HOUSING | |
---|---|
Total HU (Housing Units) | 8,191 (100%) |
Owner Occupied HU | 7,149 (87.3%) |
Renter Occupied HU | 571 ( 7.0%) |
Vacant Housing Units | 471 ( 5.8%) |
Median Home Value | $355,309 |
Average Home Value | $368,992 |
Housing Affordability Index3 | 131 |
HOUSEHOLDS | |
Total Households | 7,720 |
Average Household Size | 2.93 |
Family Households | 5,731 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 3.99% | 0.82% |
Households | 4.25% | 1.03% |
Families | 0.94% | |
Median Household Income | 1.45% | |
Per Capita Income | 2.15% | |
Owner Occupied HU | 1.02% |
The table below compares Otsego to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 50 | 95th |
Population Density | # 372 | 59th |
Median Household Income | # 48 | 95th |
Housing Affordability Index | # 633 | 69th |
Per Capita Income | # 246 | 73rd |
Diversity Index | # 268 | 71st |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.
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