Zip 14623 (Rochester, NY) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / New York / Rochester Metro Area / Monroe County / No City / Rochester (zip 14623)
Rochester, NY 14623 is a vibrant city with lots of attractions, local businesses, and eateries for visitors to explore. Located near the beautiful Genesee River Valley, Rochester offers plenty of outdoor activities such as hiking and canoeing. For those looking for a great night out, there are several trendy restaurants and bars in town offering delicious cuisine and craft cocktails. Notable local companies in the area include Rochester Institute of Technology (RIT), Wegmans grocery store chain, ESL Federal Credit Union, Paychex Inc., and Xerox Corporation. Popular attractions include The Strong National Museum of Play, High Falls Film Festival, Seneca Park Zoo, George Eastman House Museum & Gardens, and Genesee Country Village & Museum. With an average 2 bedroom rent at $1,330 per month as compared to the US average at $1,430 per month and a Grocery Cost Index of 99 versus 100 in the US according to Numbeo's cost of living calculator; Rochester is a city that offers plenty of amenities without breaking your budget.

Rochester (zip 14623) has an unemployment rate of 5.0%. The US average is 6.0%.

Rochester (zip 14623) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.

Tax Rates for Rochester (zip 14623)
- The Sales Tax Rate for Rochester (zip 14623) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester (zip 14623) 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 (zip 14623)
- The average income of a Rochester (zip 14623) resident is $24,373 a year. The US average is $37,638 a year.
- The Median household income of a Rochester (zip 14623) resident is $56,533 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRochester, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.