The Greater Rochester Enterprise team is here to help you grow your business in Rochester, NY.
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IDQ
We have 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 enrolled in college
- 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 |
| Total Population | 1,035,566 | 1,705,075 | 4,588,680 | 3,269,814 | 1,125,827 | 3,053,793 | 4,317,853 | 1,819,087 | 3,407,848 | 5,476,241 |
| Number of #1 "Best Companies to Work For" rankings per 1 million (2006-2010) | 2.9 | 0 | 0 | 0 | 0 | 0 | 0 | 1.10 | 0 | 0 |
| Number of Top 10 "Best Companies to Work For" Rankings per 1 Million (2006-2010) | 8.69 | 1.76 | 0.22 | 0 | 0.89 | 0.98 | 1.39 | 3.85 | 1.17 | 0.73 |
| % Population currently enrolled in college | 5.2 | 5.9 | 4.0 | 5.9 | 5.0 | 5.2 | 4.1 | 4.4 | 3.5 | 2.5 |
| % Population classified as knowledge workforce | 26.1 | 27.8 | 29.8 | 25.9 | 25.6 | 25.2 | 26.9 | 33.2 | 27.0 | 33.7 |
| Patents issued per 1,000 residents | 2.76 | 2.44 | 1.47 | 1.65 | 1.6 | 0.07 | 0.56 | 0.02 | 0.80 | 0.65 |
| Mean Annual Wage Estimate for All Occupations | $42,270 | $45,180 | $58,330 | $48,670 | $43,370 | $48,860 | $61,940 | $66,780 | $53,240 | $59,470 |
| IDQ | 45.65 | 37.9 | 35.49 | 33.45 | 33.11 | 31.45 | 32.95 | 42.57 | 32.47 | 37.58 |
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 currently enrolled in college, 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.
Sources:
Best Companies: Fortune's 100 Best Companies to Work For in America, 2010, Great Places Institute, 2009
Population: U.S. Census Bureau Population Estimates, July 2009
Knowledge Workforce: Bureau of Labor Statistics, May 2009 Occupational Employment Statistics
Enrollment: U.S. Department of Education, Institute of Education Science, Fall 2008 (IPEDS College data 2008-2009)
Wage estimates: U.S. Bureau of Labor Statistics, Occupational Employment Statistics, May 2009
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.
You may compare up to 10 cities at a time.
- We produce more patents per worker (2.77) than regions such as San Jose, CA and Austin, TX.
- A greater percentage of our population is classified as knowledge workforce (26.1%) than Raleigh, NC or San Diego, CA.
- Right now 5.2% of our population is enrolled in college – this is a higher percentage than Boston or San Francisco.
- And…we are the only community in the country to be home to the best small, medium and large company to work for in America.
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.
Save Time and Money in Rochester, NY
The average commute time in the Rochester, NY Region is only 22.6 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.
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