The city of Rochester, NY is a great place to live and work due to its low cost of living and abundance of local businesses. The average 2 bedroom rent in Rochester is $1,280 which is lower than the US average of $1,430. Additionally, the grocery cost index in Rochester is only 99 as compared to the US cost index at 100. This low cost index makes it easier for residents in Rochester to afford food on a daily basis.
In terms of local businesses, some popular ones include Wegmans grocery store, Garlock Printing Company, SEI Wealth Platforms Inc., Carestream Health Inc., and Constellation Brands Inc. All these are large corporations that have been operating in Rochester for many years now, providing employment opportunities for locals and contributing to the economy of the city. Many small businesses can also be found scattered throughout the city.
Overall, Rochester has a low cost of living that enhances its attractiveness as a place to live or visit for people from all walks of life. With plentiful job opportunities provided by local companies and a low cost of living including affordability with groceries, it’s easy to see why this city is considered one of New York's most desirable locations.
Rochester (zip 14612) has an unemployment rate of 6.7%. The US average is 6.0%.
Rochester (zip 14612) 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Rochester (zip 14612)
- The Sales Tax Rate for Rochester (zip 14612) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester (zip 14612) 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 14612)
- The average income of a Rochester (zip 14612) resident is $37,872 a year. The US average is $37,638 a year.
- The Median household income of a Rochester (zip 14612) resident is $68,421 a year. The US average is $69,021 a year.