Housing costs in Rochester?
A typical home costs
$275,000, which is 18.7% less expensive than the national average of
$338,100 and 11.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rochester costs
$1,290 per month, which is 4.0% more than the national average of
$1,240 and 10.9% more than the state average of
$1,150.
Can I afford Rochester?
To live comfortably in Rochester (zip 55901), Minnesota, a minimum annual income of
$52,560 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Rochester?
The cost of living in 55901 Rochester, MN is slightly above the national average. According to Best Places, the median home cost in 55901 Rochester is $223,100, which is approximately 30% higher than the US average. Additionally, the cost of groceries and utilities are about 10% higher than the national average. While it may be more expensive to live in 55901 Rochester than many other places in the US, it can still be an affordable area for families due to its low unemployment rate and higher-than-average wage rates.