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Rochester, MN

Cost of living in Olmsted County, MN

Part of the Rochester Metro Area

Estimated monthly cost
$3,394/mo
for a single person, all categories combined

Population 163,425 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,101 32%
Federal tax $717 21%
Healthcare $480 14%
Groceries $340 10%
State tax $269 8%
Transport $250 7%
Energy $187 6%
Water $50 1%

Rent in Olmsted County

Fair Market Rents by bedroom count.

Studio
$989
per month
1 bedroom
$1,101
per month
2 bedroom
$1,341
per month
3 bedroom
$1,879
per month
4 bedroom
$2,252
per month

Source: HUD FMR FY2025

Income and earnings in Olmsted County

Annual earnings figures from the Census ACS.

Household income
$93,494
per year
Individual earnings
$53,874
per year
Per capita
$52,059
per year

Source: ACS 2019-2023 5-Year.

Home values in Olmsted County

Average values reported by homeowners.

Average home value
$304,500
Annual property tax
$3,314

Source: ACS 2019-2023 5-Year

Energy costs in Olmsted County

Estimated monthly electricity and gas costs.

Electricity
$124
per month · 15.5¢/kWh
Natural gas
$63
per month
Annual total
$2,244
per year

Source: EIA

Healthcare in Olmsted County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
3.9%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Olmsted County

State and local tax rates for Minnesota.

State income tax
9.8%
Top marginal rate
State sales tax
6.9%
Combined sales tax
7.5%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Olmsted County

Commute patterns and estimated costs.

Average commute
18.8 min
Drive alone
67.6%
Public transit
3.2%
Work from home
13.6%

Source: ACS

Monthly cost estimates for Olmsted County

What it costs to live in Olmsted County each month.

Single person
$3,394
per month
  • Rent $1,101
  • Energy $187
  • Water $50
  • Groceries $340
  • Transport $250
  • Healthcare $480
  • Federal tax $717
  • State tax $269
Couple
$5,095
per month
  • Rent $1,341
  • Energy $224
  • Water $60
  • Groceries $563
  • Transport $350
  • Healthcare $864
  • Federal tax $1,200
  • State tax $493
Family
$7,777
per month
  • Rent $1,879
  • Energy $280
  • Water $70
  • Groceries $855
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,200
  • State tax $493

Frequently asked questions about Olmsted County

Common questions about cost of living, rent and salary.

What is the average rent in Olmsted County?

In Olmsted County, MN, a one-bedroom apartment averages $1,101 per month, a two-bedroom averages $1,341 per month, a three-bedroom averages $1,879 per month, according to HUD Fair Market Rent data.

What is the average salary in Olmsted County?

In Olmsted County, MN, the average household income is $93,494 per year and individual earnings for full-time workers average $53,874 per year, according to U.S. Census Bureau data.

What is the cost of living in Olmsted County?

The estimated cost of living in Olmsted County, MN is approximately $3,394 per month for a single person, $5,095 for a couple, $7,777 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Olmsted County?

The combined sales tax rate in Olmsted County, MN is 7.54%, which includes the Minnesota state rate of 6.88% plus an average local rate of 0.66%.

Is Olmsted County an affordable place to live?

Based on the data, a single person in Olmsted County, MN would need approximately $3,394 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $93,494 per year ($7,791 per month). Olmsted County is relatively affordable compared to the national average.

How much does healthcare cost in Olmsted County?

The ACA marketplace benchmark premium in Olmsted County, MN is approximately $480 per month for an individual. Approximately 3.9% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Olmsted County?

The average home value in Olmsted County, MN is $304,500, with average annual property taxes of $3,314, according to U.S. Census Bureau data.

How does Olmsted County compare to other areas?

You can compare Olmsted County, MN with any other US county using our comparison tool at /compare. Olmsted County is in the Rochester, MN metro area.

Other counties in Minnesota

Browse the full list of counties in Minnesota, ranked by cost of living.

See all counties in Minnesota

Compare Olmsted County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources