Study Uncovers Shocking Amount Rochester Residents Pay in Bills
This article was originally published on Power96Radio.com
I got bills.. I gotta pay
So I’m gon’ work, work, work every day
Remember that one-hit wonder from 2015? “Bills” by Lunchmoney Lewis was (and still is) a jam.
A new report shows how much the average resident in Rochester, Minnesota pays in bills each year. Read more about the study and see if you’re paying more or less than the average below.
Shocking Study Reveals Rochester Residents’ Monthly Bill Costs
The Cost of Bills Index reports that the average household in Rochester spends 28% of their annual income on the 9 most common bills, which is $2,116 a month or $25,388 a year.
The report details the cost of each bill. Check each one below to see if you’re spending more or less than the average Rochester household.
How Much Rochester Residents Spend on Bills
Doxo’s 2024 Cost of Bills report reveals the average cost of the nine most common household bills in Rochester, Minnesota.
Cable & Internet
Doxo’s study found the average house in Rochester pays $148 each month for cable & internet.
Cell Phone
The report says the average household in Rochester pays $99 for cell service each month.
Car Payment
The average household is paying $487 for car loans.
Car Insurance
If you’ve got a car you need insurance. The average household is paying $140 a month for auto insurance.
Health Insurance
The report says the average household in the Med-City pays $131 a month for health insurance.
Life Insurance
The average life insurance bill in Rochester, Minnesota is $75.
Rent/Mortgage
The average for rent is $1,242. The average mortgage payment is $1,637.
Utilities
$251 is the average charge for utilities in Rochester.
Most Common Bills
The average house spends $108 a month on alarms and cameras.
Do those numbers look right to you? I know I’m spending more on our cell phones, health insurance, car insurance, and utilities. I probably need to shop around and look for better deals.
Doxo’s 2024 Cost of Bills report examines the nine most common household bills (Utilities, Cable & Phone, Mobile Phone, Auto Loans, Auto Insurance, Life Insurance, Health Insurance, Alarm & Security, Rent or Mortgage) to compare the cost of living in different areas.
Unsurprisingly, the report shows that residents of Hawaii pay the most for bills, followed by those in California and Massachusetts. Kentucky is the cheapest state.
Believe it or not, the study finds that household expenses in Rochester are the same as the national average of $2,126, and 5% lower than the state average of $2,216.