Housing costs in Rochester?
A typical home costs
$224,900, which is 33.5% less expensive than the national average of
$338,100 and 7.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Rochester costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 12.5% cheaper than the state average of
$1,260.
Can I afford Rochester?
To live comfortably in Rochester (zip 62563), Illinois, a minimum annual income of
$43,200 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Rochester?
The cost of living in 62563 Rochester, IL is slightly higher than the national average. The median home value in this area is around $109,000, which is slightly higher than the national median of approximately $193,500. Additionally, according to data from the US Department of Labor Statistics, the average monthly rent for a one bedroom apartment in 62563 Rochester, IL is around $515 per month. Despite these higher than average costs for housing and other necessities such as groceries and utilities, the cost of living in 62563 Rochester, IL remains affordable overall due to its lower than average taxes and low unemployment rate.