Rochester, Minnesota is a medium-sized city with a population of 111,396 inhabitants. At 81%, the majority of the Rochester population is White; this is followed by 8% Asian and 7% Black. Rochester is known to be family friendly as more than 78% of the population has already tied the knot. It might also be worth noting that 55% of residents also have children under the age of 18.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Rochester, Minnesota could be a positive experience for anyone who puts in the effort to do the research required. Using the livability score which includes data from categories like amenities, crime, cost of living, weather, employment, you can easily compare the best places to live in Rochester and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Rochester to Minnesota and the national average.
Rochester, MN receives 81/100 for it’s livability score; this results in a ranking of #6 in Minnesota and #1,171 in the USA. This is a terrific score, as Rochester ranks well in multiple categories! Rochester also ranks in the top 10 percent of all cities, which is no small feat! If we explore each of the categories on their own, we see that Rochester ranks well for amenities (A+), crime (B), education (B-) and housing (A-). There are some categories that Rochester scores poorly for, including: weather (F). It might be worth taking a closer look to find out why.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Rochester is actually affordable. The median home price for Rochester homes is $167,800, which is 12.4% lower than the Minnesota average. If we take a closer look at the affordability of homes in Rochester, we’ll see that the home price to income ratio is 2.6, which is 13.3% lower than the Minnesota average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Rochester will offer some insight into determining if your home purchase will be a solid investment for years to come. In Rochester, the year-over-year appreciation rates were 9.1%, and the 5 year appreciation rates came in at 7%.