Rochester, MN (55901) is a great place to live. It offers residents a suburban feel with easy access to plenty of amenities and activities within the city. The cost of living here is relatively low compared to other cities in the area, with two bedroom rent averaging $1,290 per month and the Grocery Cost Index equal to that of the US average at 100.
The city is known for its many local businesses, such as Mayo Clinic which employs more than 34,000 people and Apogee Enterprises Inc., a glass fabrication company in operation since 1949. Residents can also enjoy popular attractions like Quarry Hill Nature Center, Rochester Art Center, or Plummer House Historic site throughout their stay in Rochester.
Rochester (zip 55901) has an unemployment rate of 3.6%. The US average is 6.0%.
Rochester (zip 55901) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Rochester (zip 55901)
- The Sales Tax Rate for Rochester (zip 55901) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Rochester (zip 55901) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rochester (zip 55901)
- The average income of a Rochester (zip 55901) resident is $31,974 a year. The US average is $28,555 a year.
- The Median household income of a Rochester (zip 55901) resident is $79,486 a year. The US average is $69,021 a year.