Rochester, Minnesota gets a BestPlaces Cost of Living index of 94.2, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 5.8 percent lower than the U.S. average and 3.1 percent higher than the average for Minnesota.
A typical home costs $291,900, which is 13.7 percent less expensive than the national average of $338,100 and 5.7 percent 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 percent cheaper than the national average of $1,430 and close to the state average of $1,240.
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.
Our cost of living indices are based on a US average of 100. An amount below 100 means Rochester is cheaper than the US average. A cost of living index above 100 means Rochester, Minnesota is more expensive.
Rochester cost of living is 94.2