Cost of Living in Rochester, MN
Population: 121,638 • 2026 Data
$87,767
Median Household Income
+13% vs national
$1,316
Median Monthly Rent
-2% vs national
$287,500
Median Home Value
-15% vs national
3.8%
Unemployment Rate
Housing in Rochester
The median home value in Rochester, MN is $287,500. Monthly rent for a typical unit averages $1,316, while total monthly housing costs (including utilities and insurance) average $1,332.
Rent-to-income ratio: 18.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Rochester, MN is $87,767. The unemployment rate stands at 3.8%, with a labor force of 67,801 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.