Best Places for Business and Careers 2019

Rochester, NY

Rochester, NY
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Rochester, NY

Rochester, NY
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gross metro product
$78.8B
population
1.1M
median household income
$58,487
median home price
$152,000
cost of living
11% below nat'l avg
college attainment
34.1%
net migration
-400 (year: 2018)
unemployment
3.9%
major industries
Technology, Education
job growth
0.8% (year: 2018)
As of October 2019
population
210.0K
median home price
$73,000
As of August 2018
Known as "the World's Image Centre" Rochester is located on the southern shore of Lake Ontario. Rochester is an international center of higher education, as well as medical and technological development. The region is known for many acclaimed universities, and several of them, notably the University of Rochester and the Rochester Institute of Technology, are nationally renowned for their research programs. The city of Rochester is home to numerous cultural institutions. These include the Garth Fagan Dance, the Rochester
Philharmonic Orchestra, George Eastman House International Museum of Photography and Film, Memorial Art Gallery, Rochester Contemporary Art Center, Rochester Museum & Science Center, Strong National Museum of Play, the Strasenburgh Planetarium and numerous arts organizations.
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On forbes lists
#62
In Cost of Doing Business
#169
In Job Growth
#74
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
0.8% (year: 2018)
Projected Annual Job Growth
0.3%
Unemployment
3.9%
Median Household Income
$58,487
Household Income Growth
2.7%
High-Tech Employment
2.8%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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