Everything You Need to Know About the City of Rochester Minnesota
In 2017, Rochester, Minnesota had a population of 113k people with a median age of 35.5 and a median household income of $68,574. Between 2016 and 2017 the population of Rochester, MN grew from 111,396 to 112,683, a 1.16 percent increase, and its median household income grew from $65,195 dollars to $68,574 dollars, a 5.18 percent increase.
The population of Rochester, MN is 76.4 percent White Alone, 7.34 percent Asian Alone, and 7.22 percent Black or African American Alone. N/A% of the people in Rochester, MN speak a non-English language, and 92.8 percent are U.S. citizens.
The largest universities in Rochester, MN are Rochester Community and Technical College (1,064 degrees awarded in 2017), Mayo Clinic School of Health Sciences (229 degrees), and University of Minnesota-Rochester (117 degrees).
The median property value in Rochester, MN is $176,100 dollars, and the homeownership rate is 69.4 percent. Most people in Rochester, MN commute by Drove Alone, and the average commute time is 15.5 minutes. The average car ownership in Rochester, MN is 2 cars per household.
In 2017, universities in Rochester, MN awarded 1,624 degrees. The student population of Rochester, MN is skewed towards women, with 2,515 male students and 4,231 female students.
Most students graduating from Universities in Rochester, MN are White (1,256 and 79.2 percent), followed by Asian (92 and 5.8 percent), Black or African American (75 and 4.73 percent), and Hispanic or Latino (53 and 3.34 percent).
The largest universities in Rochester, MN by the number of degrees awarded are Rochester Community and Technical College (1,064 and 65.5 percent), Mayo Clinic School of Health Sciences (229 and 14.1 percent), and University of Minnesota-Rochester (117 and 7.2 percent).
The most popular majors in Rochester, MN are Liberal Arts & Sciences (279 and 17.2 percent), General Health Services (123 and 7.57 percent), and Registered Nursing (101 and 6.22 percent).
The median tuition costs in Rochester, MN are $N/A for private four-year colleges, and $12,016 dollars and $12,016 dollars respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Rochester, MN employs 59.7k people and Rochester has an unemployment rate of 2.3 percent. Rochester has seen the job market increase by 0.4 percent over the last year. Future job growth over the next ten years is predicted to be 34.7 percent, which is higher than the US average of 33.5 percent. The biggest industries in Rochester, MN are Health Care & Social Assistance (23,977 people), Retail Trade (6,372 people), and Manufacturing (4,752 people), and the highest paying industries are Utilities ($72,216 dollars), Public Administration ($62,083 dollars), and Professional, Scientific, & Technical Services ($58,357 dollars).
Households in Rochester, MN have a median annual income of $68,574 dollars, which is more than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $65,195 dollars in 2016, which represents a 5.18 percent annual growth.
Tax Rates for Rochester
– The Sales Tax Rate for Rochester is 8.1 percent.
– The Income Tax Rate for Rochester is 7.1 percent.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Rochester
– The average income of a Rochester resident is $33,625 dollars a year.
– The Median household income of a Rochester resident is $63,472 dollars a year.
