Housing costs in Rochester?
A typical home costs
$199,400, which is 41.0% less expensive than the national average of
$338,100 and 2.3% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Rochester costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford Rochester?
To live comfortably in Rochester, Iowa, a minimum annual income of
$38,160 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Rochester?
The cost of living in Rochester, IA is quite low compared to other locations within the state. The median home value is around $150,000, and the median household income is just over $50,000. The overall cost of living index is approximately 86 which falls below the national average. Groceries are slightly higher than the national average but still fairly reasonable, with an index of 91. Energy costs and transportation are also fairly low with indices of 93 and 90 respectively. All in all, Rochester offers its residents a great quality of life at an affordable price.