Housing costs in Rochester?
A typical home costs
$420,900, which is 24.5% more expensive than the national average of
$338,100 and 92.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Rochester costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 29.9% more than the state average of
$1,100.
Can I afford Rochester?
To live comfortably in Rochester, Michigan, a minimum annual income of
$80,640 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Rochester?
Rochester, MI is a city located in Oakland County, and offers its residents a relatively low cost of living. According to the most recent data from the BestPlaces Bureau, the median home value in Rochester is $316,700, while the median household income sits at $93,875. Overall, goods and services are fairly affordable compared to other parts of Michigan and the United States as a whole. This makes it an attractive destination for many people looking to make a move within Michigan. The cost of living in Rochester gives its residents financial flexibility that can be hard to find in other places.