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| Rochester Metro Area |
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| Livingston, Monroe, Ontario, Orleans and Wayne Counties Metropolitan Rochester is home to nearly 1.1 million people, based on the 2010 Census, having grown by a relatively modest 1.6 percent during the preceding decade. More than 70 percent of the metro area’s population resides in Monroe County, which includes the city of Rochester. The other five counties are predominantly rural and suburban and are much less densely populated; Monroe County’s population density is about ten times higher than in the rest of the metro area and nearly three times the state-wide average. The fastest-growing of these five counties has been Ontario, whose population expanded by nearly 8 percent between 2000 and 2010. The population in the other counties was stable to rising modestly, except in Orleans County, whose population declined by roughly 3 percent. The educational profile of the population is slightly more advanced than that of the nation: 31 percent of adults hold college degrees, slightly below the statewide figure but above the national average. Within the metro area, though, only Monroe County's figure is above average. Median household income is somewhat above the national figure, except in Orleans County, where it is substantially lower. In terms of the area's demographic profile, Blacks make up roughly 12 percent of the population—somewhat below the national average. The figures for Hispanics (6 percent) and Asians (2½ percent) are well below the respective national averages. Historically, Rochester's key industry has been photographic equipment and related manufacturing. Largely as a result, Rochester has developed a well-educated, high-tech workforce. Prior to 2000, its industry mix and the presence of a number of large multinational headquarters had enabled the local economy to weather recessions better than almost any other part of New York State. However, metropolitan Rochester sustained fairly steep job losses in the last two economic downturns (2001 and 2008-09) and saw little or no job growth during the intervening expansion; local manufacturing employment shrank by roughly 40 percent during the last decade. In 2010, however, manufacturing employment leveled off, and total employment rebounded more strongly than at the national level. Home values across the Rochester metro area tend to be below the nationwide average: based on data from 2007-2009, the median home value was just under $126,000—about a third lower than for the U.S. and 60 percent below the state-wide median. Across the five counties, the median ranged from $87,000 in Orleans County to just under $134,000 in Ontario County. Over the past decade, home prices in this area have been far more stable than either nationwide or statewide, as Rochester’s housing market experienced neither a huge boom nor a huge bust. Between 2000 and 2006, while prices more than doubled at the national level, they rose by just 25 percent in the Rochester area. They continued to climb slightly in 2007 but then declined over the next two years; still, by the end of 2010, prices had fallen by just 6 percent—a small fraction of the decline seen across the nation or even across New York State1. Recent Trends _________________________
September 2011 |
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