Cost of Living in Rochester Institute of Technology, NY

With a cost of living index of 89, Rochester Institute of Technology, NY is a very affordable place to live. Living here is 11% cheaper than the national average and 22% below the New York state average of 111. Rochester Institute of Technology is a smaller community of 6,339 residents, where everyday costs can differ substantially from nearby larger cities.

The median household income in Rochester Institute of Technology is $19,420, which is 74% lower than the national median of $75,149. Residents spend roughly 61% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Rochester Institute of Technology. The area sees an average annual temperature of 49.5°F, with summers averaging 70°F and winters around 29°F. Annual rainfall totals 35.1 inches spread over roughly 168 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Rochester, NY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.