Cost of Living
Cost of living is the total budget that families and individuals would need in order to maintain a certain quality of living in a particular area. Families who plan to move into a new city will want to consider the costs of living in the community. The city of Rochester can be quite expensive with transportation and real estate expenses increasing the overall amount. Families who are looking to buy a home in the city will have to buy properties that are higher than the state and national average.
Rochester, Michigan Cost of Living Index
The Cost of Living Index provides a comparison between various factors affecting the cost of living in Rochester, Michigan and the country. The national average is scored at a hundred points which reflects the average cost in the nation. The table below details the difference between various expenses for families in the city.
Real Estate has to be the most expensive factor affecting the cost of living in Rochester. The city has many expensive neighborhoods and residential developments. These include various luxury condominiums, gated communities, and more. The high costs of properties is an important consideration especially for larger families who need bigger homes when moving into an area.
The typical utility bill for a one-bedroom apartment in Rochester is $173.53 which includes electricity, heating, cooling, water, and garbage. Prepaid mobile calls cost $0.10 per minute while the monthly internet service is $60.
Food and Groceries
Food and groceries are some of the relatively cheaper costs in the city of Rochester. The typical meal in a local restaurant is $13 which is $5 less than the national average. A fast food meal in the city costs $4.67 while a 3-course meal is about $40.
Gas price in Rochester is about $0.68 per liter while a regular one-way transportation ticket in the city is $1.75, and cab rides start at $3, adding $1.21 for each additional kilometer.
Notable taxes in Michigan includes a flat income tax system imposing a 4.25% tax on all individuals throughout various income brackets. Several cities in the state have different income tax computations but Rochester does not follow this trend. Sales tax in Michigan is 6% with many food items, prescription medication, and newspapers being exempt from the rule. Various utility bills in the state such as electricity, gas, and heating are taxed at a 4% rate.
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