Rochester, Mayo or bust
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4/24/2007
Rochester's market is pushed by the Mayo Clinic. This is great for rental home owners, resident doctors are always passing through.
This is bad for the normal population because the hospital employs so many doctors and other higher payed professionals that the cost of living market is artificially high for anybody not employed by the clinic. Do not expect to find a job easily, the job growth is almost entirely the result of clinic expansion.
The increase in the number of retail and hospitality jobs (the bulk of new jobs not Mayo related) is a function of a growth in the clinic by about 10%. The clinic employs over 30,000 people. The populaiton of Rochester is just over 90,000.
Violent and property crime is also above average. The schools are strong though, and Rochester has its own symphony orchestra which is quite fine.
Michael | Pine Island, MN