Rochester, MI Cost Of Living
Cost Of Living In Rochester, MI Summary
Cost of living in Rochester research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Rochester is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Rochester is 117, with 100 being the average.
The cost of living index in Rochester is 1.2x higher than the national average.
Rochester ranks as the #170 cheapest in Michigan out of 175.
Rochester ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Rochester is $393,700.
The median income in Rochester is $100,021.
Table Of Contents
Rochester's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Rochester, MI?
According to the most recent data on the cost of living, Rochester has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Michigan, Rochester has a cost of living index that's 1.3x higher than Michigan's index of 92.
The standard of living in Rochester ranks as #170 most affordable out of the 175 places we measured in Michigan. By definition, that implies Rochester ranks as the #5 most expensive place in the Wolverine State.
For more reading on life in Rochester, check out:
- Living In Rochester
- Rochester Crime Report
- Search Homes For Sale In Rochester, MI
In Michigan
In America
Rochester Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Rochester. Here is how it fairs on each of the criteria:
The Services index in Rochester is 108.
The Groceries index in Rochester is 100.
The Health index in Rochester is 95.
The Housing index in Rochester is 144.
The Transportation index in Rochester is 108.
The Utilities index in Rochester is 97.
| Living Expense | Rochester | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 117 | 92 | 100 | |
| Services | 108 | 96 | 100 | |
| Groceries | 100 | 96 | 100 | |
| Health | 95 | 94 | 100 | |
| Housing | 144 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 97 | 100 | 100 | |
Rochester, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Rochester is $393,700.
The Median Rent in Rochester is $1,101.
The Median Income in Rochester is $100,021.
The Home Value To Income in Rochester is 3.9x.
The Rent To Monthly Income in Rochester is 0.13x.
| Statistic | Rochester | Michigan | United States |
|---|---|---|---|
| Median Home Value | $393,700 | $172,100 | $244,900 |
| Median Rent | $1,101 | $946 | $1,163 |
| Median Income | $100,021 | $63,202 | $69,021 |
| Home Value To Income | 3.9x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Rochester, MI Costs By Category
Detailed Rochester Services Costs Vs. Michigan
Detailed Rochester Groceries Costs Vs. Michigan
Detailed Rochester Health Costs Vs. Michigan
Detailed Rochester Transportation Costs Vs. Michigan
Detailed Rochester Utilities Costs Vs. Michigan
Rochester SnackAbility
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Cost Of Living In Cities Around Rochester
The cost of living varies in the cities and towns around Rochester. Here's a quick look at the cost of living in the most populous nearby places:
Sterling Heights, MI has a cost of living index of 97, 0.8x Rochester.
Troy, MI has a cost of living index of 113, 1.0x Rochester.
Farmington Hills, MI has a cost of living index of 107, 0.9x Rochester.
| City | Population | Cost Of Living | Vs. Rochester |
|---|---|---|---|
| Sterling Heights, MI | 134,062 | 97 | 0.8x |
| Troy, MI | 86,912 | 113 | 1.0x |
| Farmington Hills, MI | 83,749 | 107 | 0.9x |
| Rochester Hills, MI | 75,990 | 111 | 0.9x |
| Pontiac, MI | 61,498 | 88 | 0.8x |
| Royal Oak, MI | 58,368 | 101 | 0.9x |
| Auburn Hills, MI | 24,202 | 97 | 0.8x |
| Birmingham, MI | 21,728 | 134 | 1.1x |
| Berkley, MI | 15,234 | 102 | 0.9x |
| Clawson, MI | 11,482 | 99 | 0.8x |
