fared better through the recession of 2007 to 2009 than much of the
That is according to new federal data. Rochester moved up the fastest through personal income rankings among the 102nd largest metro areas. Average income rose 3.2 percent from 2007 to 2011. In 2007, the average income was $40,410. In 2011, that rose to $41,683.
Local economists say Rochester's economic foundation is a big reason.
In Rochester, there has been steady growth across the entire economy.
Which means not just growth in one area but many.
Ecnomists say health and education are huge to our region, adding about 14% of total personal income after inflation.
Construction also fared better than the rest of the country.
Despite big business players having trouble - economists say this is a good sign.
"It really suggests that there are a lot of good bones here because Kodak has been not in good shape here during this time and despite Kodak's problems, this community has continued to grow and has really made a statement for its longevity," said Kent Gardner, Chief Economist for the Center for Governmental Research.
Gardner said this means more people have money to spend in stores, on college tuition, or on a favorite charity.