Rochester, Minnesota Cost Of Living

A-

5%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

10%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Rochester	Minnesota	National
Cost of living	95	102	100
Goods & Services	94	104	100
Groceries	94	101	100
Health care	103	112	100
Housing	90	100	100
Transportation	92	99	100
Utilities	111	98	100

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Cost Of Living Quick Facts

The cost of living in Rochester is 7% lower than the Minnesota average
The cost of living in Rochester is 5% lower than the national average
Rochester housing is 10% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 137% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$95,495	$7,958	$2,228	$2,865
Renters	$42,454	$3,538	$991	$1,274

A good indicator of the general affordability of housing in Rochester, MN, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Rochester, the median monthly income is $95,495 for those who own their own homes. Under the standard rule, that income level would allow for $2,228 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $42,454, per the median income in the area. That would allow for renters to spend up to $991 on monthly rental expenses.

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Rochester	National avg.	Difference
Haircut	$31.67	$22.08	43.4%
Beauty Salon	$30.41	$42.88	29.1%
Toothpaste	$2.22	$2.57	13.5%
Shampoo	$1.24	$1.15	7.5%
Movie	$9.83	$11.51	14.5%
Bowling	$10.61	$16.62	36.1%

Groceries

Item	Rochester	National avg.	Difference
Ground Beef	$4.71	$4.98	5.5%
Fried Chicken	$1.86	$1.58	17.2%
Milk	$2.42	$2.42	0.2%
Potatoes	$3.04	$3.54	13.9%
Pizza	$11.27	$11.49	1.9%
Beer	$9.17	$10.04	8.7%

Health Care

Item	Rochester	National avg.	Difference
Optometrist	$89.67	$117.76	23.9%
Doctor	$152.00	$125.34	21.3%
Dentist	$102.00	$107.52	5.1%
Ibuprofen	$10.54	$10.26	2.7%
Lipitor	$432.09	$459.24	5.9%

Housing

Item	Rochester	National avg.	Difference
Home Price	$219,400.00	$184,700.00	18.8%
Avg. Mortgage Payment	$1,240.14	$1,697.41	26.9%
Apartment Rent	$1,044.00	$949.00	10.0%

Transportation

Item	Rochester	National avg.	Difference
Gasoline	$3.49	$3.85	9.4%
Tire Balancing	$55.27	$57.01	3.1%

Utilities

Item	Rochester	National avg.	Difference
All Electricity	$210.14	$177.27	18.5%
Phone	$188.32	$189.62	0.7%

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	Population	Cost of Living Index	National Avg.
Hammond, MN	109	91	8.6%
Elgin, MN	1,189	95	5.3%
Kasson, MN	6,425	92	7.6%
Eyota, MN	2,183	97	2.9%
Stewartville, MN	6,123	93	6.6%
Rochester, MN	117,134	95	5.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Independence, MO	117,139	83	16.7%
Beaumont, TX	117,321	85	14.5%
Provo, UT	116,886	103	2.8%
Lansing, MI	117,488	85	14.9%
Fairfield, CA	116,544	135	35.2%
Rochester, MN	117,134	95	5.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.