Starting a Business in Otter Tail County, MN

What does it cost to start a business in Otter Tail County? Here are the numbers.

Avg Startup Cost

$50,993

Monthly Overhead

$1,154

Est. Break-Even

30 mo

Runway

44 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,154/mo
Median Household Income$67,990
Property Tax Rate0.8%

Population (market size)60,072

Market Context

Median Home Value$234,200
Homeownership Rate80.1%
Median Rent$769/mo

CountyOtter Tail County

About Otter Tail County, Minnesota

Otter Tail County in Minnesota has a population of 60,072 and a median household income of $67,990. The moderate population offers opportunities for niche businesses with less competition.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Otter Tail County

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.