What does this measure?
The most recent monthly rent plus the average monthly payments for utilities and fuel, as reported to the Census Bureau, adjusted for inflation. The median represents the mid-point of monthly rents (half the values are above the median and half below).
Why is this important?
For those who do not own a home, rent is a necessary expense. The higher a family's rental expenses, the less they have to spend on their other needs. However, higher median rental values can also be indicative of a better home and community.
How is our region performing?
In 2012-16, the median monthly rent in the region was $800, lower than the $1,160 statewide median and the $950 national median. Median monthly rent in the region was unchanged from 2007-11 through 2012-16, after decreasing 5% from 2000 to 2007-11. Four counties saw their rent increase from 2007-11 to 2012-16, with the greatest increase in Yates (up 10%); Wyoming had the largest decrease (down 8%) over the same time period. From 2000 to 2012-16, each county except for Yates and Ontario saw their rent fall, in contrast to an 9% increase nationally and a 20% increase for the state.
Monroe had the highest median rent in 2012-16 at $840 per month, while Wyoming had the lowest at $610. The City of Rochester had a median rent of $780, higher than all surrounding counties except for Ontario ($820).
Notes about the data
Data are presented in 2016 dollars. Multi-year figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census. Figures for the region and surrounding counties were calculated by aggregating county medians based on each county's share of the region's population. Data for this indicator are expected to be released in the fourth quarter.
|NYS (excluding NYC)||$877||$906||$920|
Notes: Figures are in constant 2015 dollars. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.
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