Rochester, Minnesota Income Statistics
Rochester Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Rochester Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Rochester | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,682 | $89,852 | $80,455 |
| Median Personal Income | $65,032 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.4% | 4.8% |
| Six-Figure Earners | 15.3% | 15.1% | 13.9% |
| $200k+ Households | 13.5% | 13.8% | 13.2% |
The median household income in Rochester is about 2% lower than in Minnesota. Income has been growing slower in Rochester (4.3%/yr) than in Minnesota (4.4%/yr).
About 15% of adults in Rochester earn six figures ($100,000 or more) a year, about the same as the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Rochester, Minnesota grew by 47.0% from 2009 to 2024, reaching $87,682 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Rochester
| Metric | Rochester | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.507 | 0.552 |
| Male Median Income | $74,126 | $74,898 | $69,667 |
| Female Median Income | $62,951 | $62,922 | $56,850 |
| Gender Pay Gap | 15.1% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Rochester, it is 0.499, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Rochester, Minnesota. Over a 35-year career, a 18% wage gap accumulates to roughly $391,125 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rochester, Minnesota has narrowed from about 18% to 15% in 2024. Over that period the gap was narrowest at 10% in 2018. In dollar terms, the gap has widened by $2,059 since 2009.
Employment
| Metric | Rochester | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.1% | 5.2% |
| Working from Home | 14.3% | 17.6% | 15.0% |
| Commute time (minutes) | 15 | 20 | 22 |
Approximately 2,131 people are unemployed in Rochester, Minnesota.
The average commute time in Rochester is 15 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rochester, Minnesota has fallen from 4.3% to 4.0% in 2024. Over that period the rate peaked at 5.2% in 2017 and fell as low as 3.8% in 2019.
Conclusion
Considering all these factors, Rochester, Minnesota has an overall wealth index grade of B, making it about on par with Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Rochester, Minnesota.
How Rich Is Rochester, Minnesota?
Rochester has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $87,682, about 2% lower than the Minnesota average of $89,852.
How has median household income changed in Rochester, Minnesota?
Between 2009 and 2024, the median household income in Rochester, Minnesota rose 47%, from $59,652 to $87,682. Over the same years, income here lagged behind Minnesota as a whole: +47% against +57%.
What was the median household income in Rochester in 2023?
In 2023, the median household income in Rochester, Minnesota was $85,771, up 6% from $80,744 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Rochester in 2020?
In 2020, the median household income in Rochester, Minnesota was $71,976. By 2024 it had risen 22% to $87,682.
What is the Gini coefficient in Rochester, Minnesota?
The Gini coefficient in Rochester is 0.499. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Rochester, Minnesota?
Since 2009, the income gap between men and women in Rochester, Minnesota has narrowed from about 18% to 15% in 2024. Over that period the gap was narrowest at 10% in 2018. In dollar terms, the gap has widened by $2,059 since 2009.
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