Olmsted County · Minnesota · Midwest · 122k residents
Rochester, MN: economy, jobs & business costs
The site-selection read on Rochester: labor costs, talent, corporate tax, energy, and business activity, with the Minnesota median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,604/wk. Minnesota's corporate income tax rate is 9.8%. Commercial electricity averages 12.1¢/kWh.
Compare Rochester side by side
Avg. weekly wage
$1,604/wk
Corporate income tax
9.8%
Bachelor's degree or higher
50.9%
Commercial electricity
12.1¢/kWh
Economic momentum
How fast Rochester's economy is moving, ranked against the US cities we track.
49/100
Steady
Ranks Rochester's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $310,500 |
| Price per sq. ft. | $200 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,164/mo |
| 2-bedroom rent | $1,390/mo |
| State & local income tax | 3.68% |
| Sales tax | 7.5% |
| Corporate income tax | 9.8% |
| Avg. weekly wage | $1,604/wk |
| Bachelor's degree or higher | 50.9% |
| Commercial electricity | 12.1¢/kWh |
| Businesses per 1k residents | 24.3/1k |
| Wage: Software developer | $134,450 |
| Wage: Registered nurse | $101,660 |
| Wage: General manager | $85,650 |
| Wage: Customer service | $47,050 |
| Wage: Warehouse worker | $36,170 |
| Wage: Heavy truck driver | $62,180 |
| Wage: Electrician | $79,650 |
| Wage: Retail salesperson | $36,000 |
| Cost of living index | 95 |
| Groceries index | 100 |
| Utilities | $165/mo |
| Transit pass | $85/mo |
| Gas price | $3.15/gal |
| Healthcare index | 102 |
| Childcare (per child) | $1,350/mo |
| Median household income | $89,389 |
| Unemployment rate | 2.9% |
| Population | 122k |
| Crime index | 40/100 |
| School rating | 7.0/10 |
| Walkability | 38/100 |
| Disaster risk | 82/100 |
| Avg. commute | 24 min |
| Sunny days / year | 195 days |
| July high | 81°F |
| January low | 4°F |
| Annual snowfall | 44 in |
| Home price YoY | +4.2% |
| Home price MoM | 0.0% |
| Rent YoY | +2.7% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | +1.3% |
| Building permits YoY | -59.9% |
| Ocean coast | 964 mi |
| Big lake | 81 mi |
| Mountains | 457 mi |
| Major airport | 68 mi |
| Ski resort | 151 mi |
Popular comparisons
Nearby
- Red Wing, MN · 17k
- Austin, MN · 26k
- Owatonna, MN · 26k
- Winona, MN · 26k
- Faribault, MN · 25k
Similar size
- Bloomington, MN · 89k
- Duluth, MN · 87k
- Brooklyn Park, MN · 84k
- Plymouth, MN · 79k
- Woodbury, MN · 78k
Real listings in Rochester
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Rochester a good place to run a business?
- Minnesota's corporate income tax rate is 9.8%; average weekly wages in the surrounding labor market run $1,604/wk; commercial electricity averages 12.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Rochester, MN?
- Rochester indexes at 95 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,390/mo and a acs median home value of $310,500.
- How much does a house cost in Rochester?
- The acs median home value in Rochester is $310,500 (Census ACS estimate; individual listings vary).
- How much is rent in Rochester?
- A two-bedroom in Rochester rents for about $1,390/mo.