Average Salary in Rochester, MN
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $99,989 | $8,332 |
| 75th Percentile | $74,992 | $6,249 |
| Average | $64,026 | $5,335 |
| 25th Percentile | $49,494 | $4,124 |
What is a good annual salary in Minnesota?
Average Salary in Minnesota. $48,214 is the 25th percentile. Salaries below this are outliers. $73,051 is the 75th percentile.
What is a good salary in Rochester?
The average salary in Rochester is $44,672. A good hourly wage in Rochester is $18.27 per hour. That works out to a good weekly wage of $730 per week and a good monthly wage of $3,166 per month. However, using the median income is only one way to calculate a good salary in Rochester.
What is the cost of living in Rochester MN?
Rochester cost of living is 94.1
| COST OF LIVING | Rochester | Minnesota |
|---|---|---|
| Grocery | 99.9 | 97.2 |
| Health | 92.7 | 79.7 |
| Housing | 99.4 | 101.9 |
| Median Home Cost | $283,300 | $300,100 |
What is the average income of a family living in the Rochester MN area?
Table
| Population | ||
|---|---|---|
| Income & Poverty | ||
| Median household income (in 2020 dollars), 2016-2020 | $73,382 | $76,034 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $38,881 | $40,789 |
| Persons in poverty, percent | 8.3% | 9.5% |
What is considered a living wage in MN?
110% of poverty for a family of four (4) with health coverage provided by employer. 2021 living wage: $30,525 or $14.68 per hour at 2,080 hours worked per year.
How much do you need to live comfortably in Minnesota?
This means that an individual should make at least $3,916 monthly or $47,000 annually to live comfortably in Minneapolis. Keep in mind, this is simply a rule of thumb.
What is the average pay in the US?
According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was $56,310. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved.
How much do I need to make to live comfortably in Rochester NY?
Living Wage Calculation for Monroe County, New York
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $17.14 | $34.57 |
| Poverty Wage | $6.19 | $8.38 |
| Minimum Wage | $13.20 | $13.20 |
How much do you need to live comfortably in Rochester NY?
Summary about cost of living in Rochester, NY, United States: Family of four estimated monthly costs are 3,560$ without rent. A single person estimated monthly costs are 990$ without rent.
Is Rochester cheap to live?
Affordable cost of living.
As of the beginning of 2021, Rochester was named as one of the most affordable cities to live in and buy a home by Forbes. With a cost of living that is only 1% higher than the national average, Rochester is one of the top places to live in New York State if you are wanting to save money.
Is Rochester MN a good place to live?
Home of the renowned Mayo Clinic, the city is often noted on the “Best Cities” lists as one of the best overall or one of the best in the Midwest. With its scenic setting, outstanding healthcare and highly rated educational systems, Rochester appeals to many.
What is Rochester Minnesota known for?
Mayo Clinic
Rochester is broadly known for the world-renowned Mayo Clinic, but you don’t need to be checked-in to check out this extraordinary Minnesota destination. From arts to events, shopping, dining and breweries, use this visitors guide to find what to do, where to eat and where to stay when you’re in Rochester.
What is minimum wage in Rochester MN?
$10.33
Living Wage Calculation for Rochester, MN
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.36 | $40.98 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $10.33 | $10.33 |
What percentage of Rochester MN is black?
8.63%
Rochester Demographics
White: 78.39% Black or African American: 8.63% Asian: 7.38%
What is the crime rate in Rochester Minnesota?
Rochester Annual Crimes
| Violent | Total | |
|---|---|---|
| Number of Crimes | 300 | 2,614 |
| Crime Rate (per 1,000 residents) | 2.47 | 21.53 |
What is a good hourly wage in Minnesota?
$13.81 is the 25th percentile. Wages below this are outliers. $38.87 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Minnesota.
| City | Brooklyn Park |
|---|---|
| Annual Salary | $52,233 |
| Monthly Pay | $4,353 |
| Weekly Pay | $1,004 |
| Hourly Wage | $25.11 |
What is considered low income in MN?
2020 Income Limits (Minneapolis-St. Paul-Bloomington, MN)
| Income/Category | 1 Person | 2 Person |
|---|---|---|
| Extremely Low Income | $21,700 | $24,800 |
| Very Low Income | $36,200 | $41,400 |
| Low Income | $54,950 | $62,800 |
How much does the average person make in Minnesota?
The following data are the most current income statistics for Minnesota from the US Census Bureau, are in 2020 inflation adjusted dollars and are from the American Community Survey 2020 5-year estimates. Median Household Income: $73,382. Average Household Income: $96,814. Per Capita Income: $38,881.
What salary makes you happy?
Globally, the study found that the ideal income point for an individual is $95,000 for life satisfaction and between $60,000 to $75,000 for emotional well-being. In North America, the individual income level for life satisfaction was found to be $105,000 per year.
Is Minnesota cheaper than New York?
The cost of living in Minneapolis, MN is -36.2% lower than in New York, NY.