Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Rochester , MN is $64,554, and check out the following articles to get an inside look at its key industries and job opportunities.
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Rochester ’s economy.
|Agriculture, Forestry, Fishing and Hunting and Mining||1%|
|Transportation and Warehousing, and Utilities||2.6%|
|Finance and Insurance, and Real Estate and Rental and Leasing||3.3%|
|Professional, Scientific and Management and Administrative and Waste||7.6%|
|Educational Services and Health Care and Social Assistance||45.6%|
|Arts, Entertainment and recreation and Accommodation and food Services||7%|
|Other Services, Except Public Administration||3.8%|
|Employment Armed Forces||0%|
|Employment Civilian Labor Force||71.7%|
|Employment Not in Labor Force||28.3%|
|Employment Total in Labor Force||71.7%|