Rochester, MN — income, home value, property tax, and sales tax.
In ZIP 55929, near Rochester, homes carry a median value of $332,300, and the county-level property tax rate of 1.06% works out to roughly $3,522 a year on such a home. With median household income at $118,977, that tax bill absorbs about three percent of annual earnings, a share most households can absorb without strain. Per-capita income sits lower, at $40,192, so single earners may feel the bite more sharply. Sales tax adds 7.38% to purchases. Overall, the relationship between local wages and housing costs here leans toward the comfortable side.
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