Rochester, MI

Average · 107

Michigan · Population 12,939 · Updated March 2026

$1,201
Median Rent / Month
$104,920
Median Income
$450,800
Median Home Value
$1,299
Owner Costs / Month

Affordability

How far your income goes in Rochester

13.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$14,412
Annual Rent
$4,459
State Income Tax
$6,221
Property Tax (est.)

Cost of Living Overview

Rochester is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 107 (where 100 equals the national median), Rochester residents can expect to pay median rent of $1,201/month while earning a median household income of $104,920/year.

The median home value in Rochester, MI is $450,800, with typical monthly owner costs around $1,299 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in Rochester.

Frequently Asked Questions

Common questions about living costs in Rochester

What is the cost of living in Rochester, MI?
The cost of living index in Rochester, MI is 107 (US average = 100). Median monthly rent is $1,201, median household income is $104,920/year, and the median home value is $450,800.
Is Rochester, MI affordable?
No, Rochester is more expensive than the national average with a cost index of 107. The rent-to-income ratio is 13.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rochester, MI?
The median gross rent in Rochester, MI is $1,201 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,412.
What is the median household income in Rochester?
The median household income in Rochester, MI is $104,920 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.