Rochester, IL is a great place to live for those on a budget. The average two-bedroom rent in Rochester is $1,160, which is below the national average of $1,430. Additionally, the grocery cost index in Rochester is 97 compared to 100 nationally. This makes it cheaper for residents to purchase groceries. Furthermore, there are many local companies and attractions that make living in this town great. Notable businesses include Headline Barber Shop, R&B Auto Repair, and Kent’s Hardware. For those looking for entertainment outside of work and home life, there are plenty of fun activities such as the annual Corn Festival or visiting the Children's Museum of Illinois.
Rochester has an unemployment rate of 6.3%. The US average is 6.0%.
Rochester has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Rochester
- The Sales Tax Rate for Rochester is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Rochester is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rochester
- The average income of a Rochester resident is $42,762 a year. The US average is $28,555 a year.
- The Median household income of a Rochester resident is $105,140 a year. The US average is $69,021 a year.