Economic Makeup of Rochester
Some interesting data regarding the makeup of Rochester’s economy and workforce.
141,360 People live in Olmstead County; 96,975 (67%) of which live in Rochester (2008 estimate). 8,951 (6%) people generate income from non-employer establishments in Olmstead county. According to RAEDI employment numbers for major area employers, 24% of the jobs in Rochester are directly related to healthcare. 31,539 (22%) by Mayo Clinic and an additional 2,170 (2%) by other health service organizations. Hospitality is the second largest industry, accounting for an estimated 5,000 (3.5%) jobs. Adding hospitality and and the Medical industry together results in 1 in 4 Rochester residents working for or in an industry directly supporting the Mayo Clinic!
The census describes non-employers business as, “generally small, such as real estate agents and independent contractors.” It goes on to generalize their contribution to a regions economy, “Nonemployers constitute nearly three-quarters of all businesses, but they contribute only about three percent of overall sales and receipts data.” No data was available as to how non-employers break down further. RAEDI provides a wealth of other information interesting information including housing prices, median age and industries.
Sources for Rochester data:
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