Otsego County, New York Income Statistics
Otsego County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Otsego County Below averageLess wealthy than 80% of counties in New York
Source: Map AI Methodology
Income Statistics Overview
| Metric | Otsego County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,866 | $86,556 | $80,455 |
| Median Personal Income | $53,763 | $70,316 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 7.7% | 16.7% | 13.9% |
| $200k+ Households | 6.9% | 17.1% | 13.2% |
The median household income in Otsego County is about 19% lower than in New York. Income has been growing slower in Otsego County (4.4%/yr) than in New York (4.5%/yr).
About 8% of adults in Otsego County earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Otsego County, New York grew by 58.5% from 2009 to 2024, reaching $69,866 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Otsego County
| Metric | Otsego County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.557 | 0.552 |
| Male Median Income | $60,647 | $77,531 | $69,667 |
| Female Median Income | $53,454 | $67,892 | $56,850 |
| Gender Pay Gap | 11.9% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Otsego County, it is 0.556, about the same as New York's 0.557, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 13% more than women's income in Otsego County, New York. Over a 35-year career, a 13% wage gap accumulates to roughly $251,755 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Otsego County, New York has narrowed from about 13% to 12% in 2024. Over that period the gap was widest at 20% in 2016, and was narrowest at 8% in 2022. In dollar terms, the gap has widened by $2,362 since 2009.
Employment
| Metric | Otsego County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 6.4% | 5.2% |
| Working from Home | 11.7% | 15.0% | 15.0% |
| Commute time (minutes) | 18 | 28 | 22 |
Approximately 1,833 people are unemployed in Otsego County, New York.
The average commute time in Otsego County is 18 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Otsego County, New York has fallen from 7.9% to 6.3% in 2024. Over that period the rate peaked at 8.2% in 2012 and fell as low as 4.9% in 2022.
Otsego County, NY Wealth Compared With Nearby Counties
Otsego County, NY is the 2nd largest of the 6 counties compared here, 60,108 residents against a local median of 46,321. The measure that sets Otsego County, NY apart most is unemployment: 6.3%, 27% above the local median of 5.0%. That is the weaker end of the local range on this measure.
The counties themselves spread 2.2% on unemployment, so Otsego County, NY sits at one end of an already wide local range rather than apart from it. Otsego County, NY has the 4th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Otsego County, NY | 60,108 | $69,866 #2/6 | 4.4%/yr #2/6 | 6.3% #4/6 | 0.556 #6/6 |
| Delaware County, NY | 44,487 | $64,198 | 4.3%/yr | 6.4% | 0.523 |
| Schoharie County, NY | 30,049 | $69,692 | 4.1%/yr | 5.0% | 0.528 |
| Chenango County, NY | 46,321 | $63,798 | 4.0%/yr | 6.4% | 0.495 |
| Montgomery County, NY | 49,528 | $66,179 | 5.1%/yr | 4.7% | 0.520 |
| Madison County, NY | 67,325 | $75,545 | 3.9%/yr | 4.2% | 0.548 |
Conclusion
Considering all these factors, Otsego County, New York has an overall wealth index grade of C, making it somewhat worse than New York, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Otsego County, New York.
How Wealthy Is Otsego County, New York?
Otsego County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $69,866, about 19% lower than the New York average of $86,556.
How has median household income changed in Otsego County, New York?
Between 2009 and 2024, the median household income in Otsego County, New York rose 58%, from $44,079 to $69,866. Over the same years, income here outpaced New York as a whole: +58% against +56%.
What was the median household income in Otsego County in 2023?
In 2023, the median household income in Otsego County, New York was $67,549, up 3% from $65,481 in 2022. The New York median that year was $85,199.
What was the median household income in Otsego County in 2020?
In 2020, the median household income in Otsego County, New York was $56,150. By 2024 it had risen 24% to $69,866.
What is the Gini coefficient in Otsego County, New York?
The Gini coefficient in Otsego County is 0.556. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Otsego County, New York?
Since 2009, the income gap between men and women in Otsego County, New York has narrowed from about 13% to 12% in 2024. Over that period the gap was widest at 20% in 2016, and was narrowest at 8% in 2022. In dollar terms, the gap has widened by $2,362 since 2009.
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