Housing costs in Rochester?
A typical home costs
$170,500, which is 49.6% less expensive than the national average of
$338,100 and 23.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Rochester costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 14.0% cheaper than the state average of
$980.
Can I afford Rochester?
To live comfortably in Rochester, Indiana, a minimum annual income of
$32,760 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Rochester?
Rochester, IN is an affordable place to live. The cost of living in this area is about 6% lower than the U.S. average, making it a great option for those looking to save money. Rent is much more affordable than other places as well, with the median rent price sitting at $717 per month, and housing prices averaging at $96,666. This makes Rochester attractive for those looking to buy a home or rent an affordable place to live without sacrificing quality of life. Additionally, fuel costs are lower than most parts of the country and there is no state income tax in Indiana, meaning residents can stretch their dollar further here than many other places in the United States.