Cost of Living,
Rochester's Real Estate Market
Rochester Metro Area
Profile: Mid-sized city Location: Southeastern Minnesota, 45 miles west of Wisconsin and 35 miles north of Iowa Elevation: 1006 Time zone: Central Standard Time
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Rochester is a mid-sized commercial and agricultural center with a diverse economy. But its biggest claim to fame is the renowned Mayo Clinic medical research and practice center, which covers some 18 city blocks in the downtown core. This is a major economic driver as well as a strong healthcare presence in the area. Mayo and its related facilities give Rochester the best healthcare statistics and rating in the country, and brings a strong educational presence as well.
Other notable employers include IBM and some agribusiness and food processing industries. Although the population exceeds 1 million, Rochester has a small-town feel, and is known especially for its good park system and low crime rates. Missing amenities or services are available in Minneapolis-St. Paul, 80 miles to the northwest. The nearby Dorer state forest, known for its hardwood forests, provides outdoor recreation. Downsides include harsh winters, some unemployment outside the healthcare industry, and a general lack of entertainment and activities.
Rochester, in the shallow Zumbro River Valley, is surrounded by rolling and wooded terrain ranging from 1,000 feet to 1,300 feet in elevation. The climate is continental with large seasonal temperature variations and four definite seasons. Summers are pleasant but can be warm. Winters are cold and variable with periods of bitter cold and regular snow cover. Rochester lies near a storm track and the northern edge of the influx of moisture from the Gulf of Mexico, a position resulting in strong storms year-round. Flooding can occur on the Zumbro River in spring and summer. First freeze is late September, last is early May.
Interesting Facts about Rochester, Minnesota
As of 2014, Rochester's population is 106,903 people. Since 2000, it has had a population growth of 16.83 percent.--------------------
The median home cost in Rochester is $160,500. Home appreciation the last year has been 1.90 percent.--------------------
Compared to the rest of the country, Rochester's cost of living is 1.40% Higher than the U.S. average.--------------------
Rochester public schools spend $10,752 per student. The average school expenditure in the U.S. is $12,435. There are about 18 students per teacher in Rochester.--------------------
The unemployment rate in Rochester is 3.80 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Rochester jobs have Decreased by 0.03 percent.
Ranked #10 Most Secure Places to Live 2011 (Mid-Size Cities)
Ranked #18 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #101 Best Green Cities
Ranked #113 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #144 2005 Best Places to Live
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Average Commute time is 16 minutes. The National Average is 25 minutes.--------------------
Rochester's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes