Housing costs in Rochester?
A typical home costs
$338,800, which is 0.2% more expensive than the national average of
$338,100 and 9.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rochester costs
$1,100 per month, which is 11.3% cheaper than the national average of
$1,240 and 4.5% cheaper than the state average of
$1,150.
Can I afford Rochester?
To live comfortably in Rochester (zip 55906), Minnesota, a minimum annual income of
$64,800 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Rochester?
Rochester, MN is an affordable place to live. The cost of living in 55906 Rochester is 7% lower than the national average. Living expenses such as groceries, healthcare, and utilities are all significantly lower than the rest of the country. In addition, housing costs are generally quite reasonable when compared to other midwestern cities. The median price for a home in Rochester is $180,000, which is much lower than the median home price in many other parts of Minnesota. Renters can also find great value with a median rent of $700/month for an entire apartment. All these factors make 55906 Rochester a great choice for families or individuals looking for an affordable place to call home.