Rochester, IN is a small city located in Fulton County. With a population of just over 3,500 people, this city offers its residents an affordable cost of living. The median rent for two bedroom apartments in Rochester is $860 which is over 40% lower than the national average. Similarly, the Grocery Cost Index in Rochester is 91 compared to 100 nationally. In terms of local businesses the city has several options such as TJ's Cafe and Deli, Stansbury Appliance Repair, and Lake City Bank. The median income in Rochester is around $44,000 per year which is slightly lower than the state's median income of $50,532
Rochester has an unemployment rate of 4.7%. The US average is 6.0%.
Rochester has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Rochester
- The Sales Tax Rate for Rochester is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester is 5.2%. 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 $30,611 a year. The US average is $37,638 a year.
- The Median household income of a Rochester resident is $55,076 a year. The US average is $69,021 a year.