According to a recent MSN article, Rochester is the number one most affordable area in the nation. Rochester offers a stable economy, low housing prices and a low unemployment rate compared to many other areas in the nation. With multiple educational institutes, lakes, rivers, canal and quick commutes, Rochester is a desirable area for families and young professionals that has something to offer almost everyone.
The Brooking Institution’s MetroMonitor ranked Rochester among the 10 strongest performing metros in the economic recovery. Rochester’s downtown is also making a comeback with several large companies relocating such as Paetec and Nothnagle Realtors. There are many buildings being purchased to transform into renovated multi-use space, mostly consisting of lofts, condos and apartments.
Rochester has a population of just over 1 million people with a median home price of $115,700. Although taxes are quite high, the low cost of housing compensates that.