Places/MN/Otter Tail County, MN
County profile

Otter Tail County, MN

United States · GDP 2024
#920 of 3,127 US counties by GDP51st-percentile growthmore diversified than 58% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$3.3B
BEA · 2024
GDP growth (YoY)
+4.5%
BEA · 2024
Jobs tracked
18,813
Census CBP · 2023
Employers
1,730
Census CBP · 2023
Avg. wage
$49.8k
BLS QCEW · 2023
Population
61,041
Census PEP · 2025
Labor, income & education
Unemployment
4.7%
Median HH income
$72.3k±$2.1k
Bachelor's degree+
28.3%±1.3%
Poverty rate
8.7%±0.9%
Business applications
569 · 2025
Retail establishments
252
41.3/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Otter Tail CorporationIndustrials$1.3B67B

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Manufacturing28%
Health care27%
Retail trade19%
Food & accommodation12%
Construction7%
Other services7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
61,041
residents · 2025 · +1.6% since 2020
Income per capita $62.1k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+1,340
International migration+522
Natural change922

GDP trend

20192024 · nominal
$2.4B
2019
$2.5B
2020
$2.8B
2021
$3.0B
2022
$3.1B
2023
$3.3B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$273.0k±$6.4k
Median gross rent
$868/mo±$63/mo
Vacancy rate
31.4%±1.0%
Affordability
5.5× wages
Residential permits
$21.6M
72 units · 1.2/1k pop
FEMA risk score
79.4
HUD Fair Market Rent (2BR):$983/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 97Cold wave 91Strong wind 87
FHFA HOUSE PRICE INDEX · 20162025
388
2016
407
2017
421
2018
439
2019
446
2020
482
2021
549
2022
596
2023
654
2024
661
2025
RESIDENTIAL PERMITS · 20212025
-22% since 2021
92
2021
136
2022
164
2023
89
2024
72
2025

Transport access

BTS · FAA · USACE
Nearest interstate
32.4 km
I-94
Nearest freight rail
10.9 km
CPKC
Nearest port
244.7 km
AMERICAN IRON AND SUPPLY CO. DOCK
Nearest commercial airport
101.9 km
HECTOR INTL
Wage trend
BLS QCEW · 20192023
$49.8k
avg. annual pay · +22% since 2019
The read

What is the GDP of Otter Tail?

Otter Tail's economy produced $3.3B in 2024, growing 4.5% year over yearabout the middle of the pack among US counties. Its largest employment sector is manufacturing.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.