Rochester cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexRochesterIndianaNational
Cost of living index8188100
IndexRochesterIndianaNational
Goods & Services index8895100
Groceries index9092100
Health care index9295100
Housing index5573100
Transportation index11293100
Utilities index8493100
Displayed above is a general overview of the Rochester, IN cost of living index. The overall cost of living index in Rochester, IN is 81, which is 8% lower than the Indiana average and 19% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Rochester, IN are 7% lower than the Indiana average and 12% lower than the national average.

Did you know?

  • The cost of living in Rochester is 8% lower than the Indiana average.
  • The cost of living in Rochester is 19% lower than the national average.
  • The cost of housing in Rochester is 45% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Rochester, IN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Rochester, IN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Rochester, IN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$38,005$3,167$887$1,140
Renters$20,777$1,731$485$623
One can approximate the cost of living and the housing affordability in Rochester, IN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Rochester, IN have a median income of $38,005. Therefore, the amount that a consumer should spend on housing costs should be no more than $887 per month to avoid calamity and poverty. The renters in the city have an income of about $20,777, which would make their monthly maximum allowable rental costs $485.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When you are determining the total cost of living in Rochester, IN you will want to make sure you consider both the Indiana sales tax and the Indiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Indiana is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Indiana have a range from 3.3% to 3.3%.

Goods & Services

ItemRochesterNational avg.Difference
Haircut $16.50$14.5913.1%
Beauty Salon $29.00$34.6816.4%
Toothpaste $2.03$2.4717.9%
Shampoo $0.88$1.0213.9%
Movie $8.15$9.8717.4%
Bowling $3.31$4.3924.6%

Groceries

ItemRochesterNational avg.Difference
Ground Beef $4.39$4.481.9%
Fried Chicken $1.54$1.465.2%
Milk $1.95$2.3617.3%
Potatoes $2.68$3.0612.5%
Pizza $8.99$9.242.7%
Beer $8.45$8.632.1%

Health Care

ItemRochesterNational avg.Difference
Optometrist $104.33$99.784.6%
Doctor $108.67$105.033.5%
Dentist $81.00$88.708.7%
Ibuprofen $8.24$9.4112.5%
Lipitor $229.33$298.5023.2%

Housing

ItemRochesterNational avg.Difference
Home Price $88,300.00$175,700.0049.7%
Avg. Mortgage Payment $883.48$1,081.0318.3%
Apartment Rent $620.00$920.0032.6%

Transportation

ItemRochesterNational avg.Difference
Gasoline $2.61$2.0924.9%
Tire Balancing $34.00$45.2924.9%

Utilities

ItemRochesterNational avg.Difference
All Electricity$137.40$170.8019.6%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Macy, IN22571-29%
Kewanna, IN77475-25%
Monterey, IN24977-23%
Burket, IN15978-22%
Mentone, IN92279-21%
Rochester, IN6,15181-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Eudora, KS6,15293-7%
Elsmere, DE6,1491044%
Vancleave, MS6,14793-7%
Satsuma, AL6,14595-5%
Glenarden, MD6,14511111%
Rochester, IN6,15181-19%
Source: The Rochester, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.