Housing costs in Rochester?
A typical home costs
$281,100, which is 16.9% less expensive than the national average of
$338,100 and 9.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rochester costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 7.8% cheaper than the state average of
$1,240.
Can I afford Rochester?
To live comfortably in Rochester Minnes Metro Area, Minnesota, a minimum annual income of
$54,000 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Rochester?
The cost of living in Rochester, MN Metro Area is 91.5, which is below the US average of 100. This means that overall, the cost of living in Rochester is cheaper than the national average. This can be attractive for individuals looking to move to this area for work or retirement as they can enjoy a lower cost of living and benefit from the lower house median value at $281,100, considerably less than the US average house value of $338,100.