Business and Economy in Rochester, MN
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.
Job growth and quality of life highlight the city's increasing appeal
Strong economy, diverse culture prime for small business
Higher learning institutions target workforce development
Wealth of resources draws entrepreneurs and innovators to the region
Region builds momentum to attract young professionals
Local organizations create tightly knit entrepreneurial community
City prepares for expansive 20-year transformation
Diverse business environment leads to growing economy.
Education and business leaders collaborate to meet growing workforce demands.
Health care provides the foundation for Rochester, MN’s health tourism-oriented economy.
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.
Employment Rate in Olmsted County, MN
Occupations in Rochester, MN
Employment in Rochester, MN
|Employment Armed Forces||0%|
|Employment Civilian Labor Force||71.7%|
|Employment Not in Labor Force||28.3%|
|Employment Total in Labor Force||71.7%|
Industry in Rochester, MN
|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%|