Housing costs in Rochester?
A typical home costs
$420,900, which is 24.5% more expensive than the national average of
$338,100 and 36.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rochester costs
$1,440 per month, which is 16.1% more than the national average of
$1,240 and 20.1% more than the state average of
$1,150.
Can I afford Rochester?
To live comfortably in Rochester (zip 55902), Minnesota, a minimum annual income of
$80,640 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Rochester?
Rochester, MN 55902 is known for its high cost of living. According to BestPlaces, the city ranks as one of the most expensive places to live in the United States. The cost of housing is particularly steep, with an average rent price for a one bedroom apartment at over $1,100 per month. Food prices are also high, with basic groceries costing around 60% more than the national average. Utility costs are similarly higher than normal, with an average electricity bill ranging from $140-$250 per month. Despite these high prices, Rochester remains a popular destination due to its excellent quality of life and strong job market.