Heard on the Street: Rochester good place for careers
The Rochester metro area was ranked the 23rd best small city in the nation on the Forbeslist for Best Small Places for Business and Careers released this week.
However, it was outshone by Mankato, which ranked third behind only Fargo, N.D., and College Station, Texas. St. Cloudranked 24th.
Forbes looked at all cities under 250,000 in population.
The Rochester metro area, which consists of Dodge, Olmsted and Wabasha counties, has a population of 191,300 and has a gross metro product of $10.2 billion.
The median household income is $63,999, and the median home price is $138,800, Forbes said. On its other lists, Rochester is 169th in the cost of doing business, 42nd in job growth and 16th in education.
"The Mayo Clinicforms the core of Rochester's economy," Forbes says. "The clinic's many facilities, along with hotels, restaurants and retail stores, comprise nearly the entire city's downtown." — Mike Klein