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Greater Rochester, NY
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Greater Rochester, NY.
Rochester, NY has an exceptionally talented workforce. We have one of the highest Intellectual Density Quotient of any region in the country. This is where smart people live and smart businesses grow.
Intellectual Density Quotient – or IDQ -- is a measurement derived through a comparison of a region's population to its rankings in a core list of recognized standards of success and achievement, providing an assessment of a region's capacity for innovation, creativity, and problem solving. A high IDQ is an indication of a region's potential for productivity and sustainable economic health, and it helps perpetuate a pervasive and contagious culture of success.
IDQ is based on these factors:
- Percentage of population age 18 and over enrolled in college or grad school
- Percentage of population age 25 and over that have graduated from high school received their equivalency certificate
- Patents issued per 1,000 people
- Number of workers trained to excel in our knowledge based economy
- Number of companies ranked among the best places to work in the country
The Greater Rochester, NY Region IDQ is so strong we outperform communities five times our size.
|Rochester, NY||Austin,TX||Boston, MA||Minneapolis / St Paul, MN||Raleigh, NC||San Diego, CA||San Francisco, CA||San Jose, CA||Seattle, WA||Washington, DC
|Number of #1 "Best Companies to Work For" rankings per 1 million (2008 - 2012)||3.28||0||0||0||0||0||0||0||0||0
|Number of Top 10 "Best Companies to Work For" Rankings per 1 Million (2008 - 2012)||10.67||2.80||0.22||0||0||1.91||0.91||3.75||0.57||1.23
|% Population high school graduates (including equivalency), age 25 years or older||34.8||19.2||26.4||22.9||20.0||19.3||17.9||16.9||22.0||18.9
|% Population Age 18 years or over enrolled in college or graduate school||8.6||12.6||11.8||10.0||10.8||11.8||11.1||10.9||9.4||11.2
|% Population classified as knowledge workforce||26.4||27.7||29.9||25.5||26.5||26.0||28.1||34.4||28.1||34.8
|Patents issued per 1,000 residents||1.07||1.38||0.99||0.94||1.03||1.05||1.47||5.50||1.03||0.31
|Mean Annual Wage Estimate for All Occupations||$43,820||$47,340||$57,520||$49,760||$45,220||$50,350||$64,820||$69,880||$54,750||$62,890
Each market's IDQ is the sum of these factors: Number of #1 "Best Companies to Work For" rankings (per 1 million population), Number of Top 10 "Best Companies to Work For" rankings (per 1 million population), percentage population 25+ that has graduated from high school (including equivalency), percentage population 18+ enrolled in college or grad school, percentage population classified as knowledge workforce, and patents issued per 1,000 residents.
We included mean annual wages for comparison purposes to illustrate the high caliber of our workforce without the high cost associated with a major metropolitan area.
Best Companies: Fortune's 100 Best Companies to Work For in America, 2012, Great Places Institute, 2012
Population: U.S. Census Bureau, Population Estimates, July 2011
Knowledge Workforce: Bureau of Labor Statistics, Occupational Employment Statistics, May 2011
Educational Attainment and School Enrollment: U.S. Census Bureau, American Community Survey, 2011
Wage estimates: U.S. Bureau of Labor Statistics, Occupational Employment Statistics, May 2011
Patents: U.S. Patent and Trade Office
We have IDQ data available for the top 60 metro areas. Click on the button below to see how the Rochester Region compares with each of these cities. You may select up to 10 cities at a time.
Smart people, working at some of the best companies in the US. Rochester, NY. We have the highest Intellectual Density Quotients of anywhere in the US.
- We produce more patents per 1,000 residents (1.07) than regions such as Raleigh, NC and Boston, MA
- A greater percentage of our population is classified as knowledge workforce (26.4%) than Minneapolis, MN or San Diego, CA
- And Rochester, NY is the only community in the country to be home to the best small, medium and large company to work for in America.
Save Time and Money in Rochester, NY
Kiplinger named Rochester the 'Best City in the U.S. for Commuters.' This ranking was based on our community's low congestion cost (a measurement of wasted time and fuel calculated by the Texas Transportation Institute) along with average length of commute, local gas prices, yearly delays per commuter, and public transit use.
The average commute time in the Rochester, NY Region is only 20.6 minutes. Our short commutes save time, save money, and improve workforce productivity. Check out the comparison between Rochester and major metropolitan areas around the country and you'll see a real savings in Rochester, NY.