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Report: Millennials find Rochester affordable but not livable

Rochester ranks among the bottom half of metro areas nationwide for millennials, a new report shows.

In a recent Apartment List Inc. report, Rochester ranked 41st out of 75 metro areas and received a grade of B. The Rochester area ranked 36th for its job market, with a millennial unemployment rate of 7.8 percent.

The region ranked 71st for livability, with its highest scores earned for access to parks, community activities and nightlife. Rochester excelled, however, for its affordability, ranking 10th of the 75 metro areas represented in the report. The median monthly rent is $960, according to the report, and 76 percent of the population can afford the median-priced home.

Pittsburgh ranked as the top metro area for millennials, with an overall grade of A+. The city earned higher than average livability scores, with renters particularly satisfied with the city’s low crime level and options to date and make friends.

Riverside, Calif., had the lowest score on the list of metros for millennials, with a high millennial unemployment rate and a low share of people able to afford a median-priced home. Riverside renters give the metro low marks for safety, dating, and parks and entertainment.

Apartment List noted that metros where millennials traditionally move—San Francisco, Los Angeles and New York—and where millennials have recently been moving—Seattle; Austin, Texas; and Denver—receive low scores for affordability. Despite strong job markets and high livability ratings, rents in these metros are too expensive for many millennials, and homeownership is far out of reach for most.

Follow Velvet Spicer on Twitter: @Velvet_Spicer

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email madams@bridgetowermedia.com.

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