Housing costs in Rochester?
A typical home costs
$291,900, which is 13.7% less expensive than the national average of
$338,100 and 5.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rochester costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Rochester?
To live comfortably in Rochester, Minnesota, a minimum annual income of
$55,800 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Rochester?
Rochester residents enjoy generally low prices for their everyday items such as groceries which stand 4% lower than the national average when adjusted for local taxes and rental costs coming in 13% below nation-wide figures with a median rent of $843 monthly. Furthermore, sales tax comes in at 7%. Make no mistake though - while affordable by comparison to other places Rochester can still be pricey regardless of income level depending upon your occupation/lifestyle choices!