Rochester, ND is a great place to live for those looking for an affordable lifestyle. The 2 bedroom rent in Rochester is $870 per month, which is significantly lower than the US average of $1,430. Grocery costs are also lower in Rochester than the US average; the grocery cost index stands at 94 compared to 100 in the US. The area offers plenty of outdoor activities as well as local businesses. Popular companies include AAA Tooling LLC and United Real Estate Solutions, both based in Rochester. With its low cost of living and wide range of amenities, Rochester is a great place to settle down and call home.
Rochester has an unemployment rate of 3.8%. The US average is 6.0%.
Rochester has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Rochester
- The Sales Tax Rate for Rochester is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Rochester is 2.0%. 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 $29,464 a year. The US average is $28,555 a year.
- The Median household income of a Rochester resident is $78,750 a year. The US average is $69,021 a year.