Rochester, NY is a great city with many opportunities for residents and visitors alike. The city has a low cost of living, which is reflected in the 2 bedroom rent rate that is $270 less than the national average. Additionally, Rochester has a grocery cost index of 98 compared to the US average of 100, making it an affordable place to live. Not only is it financially accessible, but there are plenty of local businesses and initiatives to take part in. Some notable companies include Xerox Corporation and Paychex Inc., while popular initiatives include the Rochester Downtown Development Corporation (RDDC) and RocCity Coalition for Youth.
Rochester has an unemployment rate of 9.8%. The US average is 6.0%.
Rochester has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Rochester
- The Sales Tax Rate for Rochester is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rochester
- The average income of a Rochester resident is $19,180 a year. The US average is $28,555 a year.
- The Median household income of a Rochester resident is $40,083 a year. The US average is $69,021 a year.