Here's what it costs to live in Rochester, Minnesota, based on the latest US government data. Renters pay a median of $1,316 per month, while the typical home is valued around $287,500. Households earn a median of $87,767 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$87,767
Annual · Census ACS
Median Gross Rent
$1,316
Per month · Census ACS
Median Home Value
$287,500
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,112
HUD Fair Market Rent
1BR Fair Market Rent
$1,189
HUD FMR
2BR Fair Market Rent
$1,407
HUD FMR
3BR Fair Market Rent
$1,957
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
9.85%
Top marginal rate
State Sales Tax
6.88%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
121,638
Latest estimate
Median Age
36.4 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Rochester?
The cost of living index for Rochester is not yet available in our database.
What is the median rent in Rochester?
The median gross rent in Rochester is $1,316 per month according to US Census ACS data.
What is the median household income in Rochester?
The median household income in Rochester is $87,767 per year.
What is the median home value in Rochester?
The median home value in Rochester is $287,500 based on the latest Census ACS survey.
How is the air quality in Rochester?
Air quality data for Rochester is not yet available.
What are the taxes like in Rochester?
Minnesota has a top state income tax rate of 9.85% and a statewide sales tax of 6.88% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology